Strait of Hormuz Sees 8 Million Barrels of Crude Flow Daily, Analysis Reveals

Deep News
6 hours ago

Current data from Clarksons Research, the analytical division of shipbroker Clarksons, indicates that approximately 8 million barrels of petroleum transit the Strait of Hormuz each day, contributing to a total Middle Eastern crude outflow of roughly 13.5 million barrels per day. Steve Gordon, managing director at Clarksons Research, detailed in a recent report that this regional volume incorporates an additional 2.5 million barrels per day arriving via the Fujairah/Oman pipeline and about 3 million barrels per day from the Yanbu pipeline.

Prior to the onset of hostilities, the daily flow through the Strait of Hormuz stood at approximately 15 million barrels, with overall Middle East crude exports reaching 18 million barrels per day. Gordon emphasized that despite significant disruptions, the energy sector continues to demonstrate resilience in delivering oil to global markets, supported by the logistical adaptability of the shipping industry.

Adding to global supply dynamics, other producers such as Brazil have boosted their export volumes by roughly 750,000 barrels per day. Additionally, the increasing reliance on ship-to-ship transfers has led to a notable shift in fleet deployment—currently, about 15% of the very large crude carrier (VLCC) fleet operates in the vicinity of Oman, up from approximately 10% in early July.

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