Despite Iran's Attacks, Gulf Oil Exports Exceed Prewar Levels

mlinhares

Money finds a way.

sleepyguy

Yes, so much oil is flowing that strategic reserves are being drained and countries are being forced to release diesel stocks.....

jerrythegerbil

Exports remain flowing. Imports remain problematic, for certain localities. It’s going, just not where it was before.

A_D_E_P_T

> "By Kpler's count, the GCC states are now moving about 24 million barrels per day out of the region, including volumes transported by overland pipeline." Complete BS article. I guess Kpler is the propaganda mouthpiece. The article double-counts "Hormuz Shuttle" ship-to-ship (STS) transfers and misreads pipeline capacity. An example: If 14 mb/d is moving through the Strait of Hormuz, getting to 24 mb/d requires 10 mb/d to move via overland bypass pipelines. In reality, the only two bypass pipelines out of the Gulf have a combined physical ceiling of ~6.5 to 8.5 mb/d. (And that's when they're fully operational, which may not be the case today!) Many more obvious mistakes in this "analysis." It's totally bunk.

grim_io

I call bullshit until the guy from the "what's going on with shipping" YouTube channel confirms it.

comrade1234

It went from $60,000/day for a tanker to over a $million/day for insurance, danger pay, etc.

Ajedi32

Something's not adding up. Surely demand for oil is not so inflexible as to sustain such greatly increased prices at pre-war levels of supply, right? Has demand for oil increased since the start of the war for some reason? Or is there another factor beyond the Iranian blockade now driving the entirety of the reduction in supply? The Russia-Ukraine war?