Now Reading: UAE keeps crude flowing through Strait of Hormuz despite security risks
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UAE keeps crude flowing through Strait of Hormuz despite security risks
The UAE has pushed more crude through the Strait of Hormuz than any other producer over the past two months, Hindu BusinessLine reported, citing Kpler data tracking tankers such as the Romania…
The UAE has pushed more crude through the Strait of Hormuz than any other producer over the past two months, Hindu BusinessLine reported, citing Kpler data tracking tankers such as the Romania Prosperity, which surfaced in the Gulf of Oman after switching off its transponder in late July while carrying Abu Dhabi National Oil Company crude. Traders told the outlet Adnoc has sold more than 130 million barrels across seven tenders since June, moved partly through so-called dark crossings, ship-to-ship transfers in the Gulf of Oman, and a domestic pipeline that bypasses the strait. Vortexa said the UAE was the only Middle Eastern producer to return to pre-war seaborne export levels in June and July, with Japan and China buying much of the crude. Sparta Commodities analyst June Goh said Adnoc's barrels have helped stabilise supply into Asia, since regional refiners cannot easily replace Middle Eastern medium-sour grades. Renewed attacks near the strait and stalled diplomacy over reopening it leave future flows uncertain.
Indian Opinion Analysis
The volumes reported here rest on tanker tracking, trader accounts and analyst estimates from Kpler and Vortexa rather than official Adnoc figures, since the company declined to discuss vessel positions or routing. That the UAE has kept exports near pre-war levels is a genuine logistical achievement, but crediting it alone with stabilising the wider oil market overlooks other factors such as demand and Saudi Arabia's own pipeline workaround through Yanbu. Whether shuttling through dark crossings keeps pace depends on developments neither side controls. A further attack on shipping near Hormuz, or real movement in the stop-start talks to reopen the strait, would be the next signal.
Source: TheHinduBusinessLine
This brief was synthesised by AI from the source linked above.
