2 weeks ago
US says Hormuz oil flows higher than tracked
The United States government says a lot of oil is still moving through the Strait of Hormuz, a narrow waterway where many ships pass.
The US Energy Secretary says about eight to nine million barrels of oil pass through that strait every day.
He says tracking companies are getting the number wrong because most ships turn off their location signals and travel with military escorts.
That means the trackers simply cannot see them.
Before the conflict, the region sent about 20 million barrels of oil out every day; now it is sending about 14 to 15 million barrels.
Some of that oil is also moving through pipelines instead of the waterway.
So the world is getting about five to six million fewer barrels a day, but the US says the drop is smaller than many people believe.
Gas prices in America are still around four dollars a gallon, and the government hopes to bring them down to about three dollars someday.
US Energy Secretary Chris Wright said eight million to nine million barrels of oil are moving through the Strait of Hormuz daily, disputing tracking estimates of a sharp fall.
Wright said lower figures appear because most vessels travel with transponders switched off and under military escort, making them 'dark' to commercial trackers.
He said about 14 to 15 million barrels a day are leaving the Arabian Gulf region versus 20 million barrels a day pre-conflict, a shortfall of five to six million barrels.
Wright acknowledged US petrol prices remain elevated at about $4 a gallon, saying the administration wants to bring them back towards $3 with no timetable.
He cited Ukrainian attacks on Russian refineries as a factor reducing global supplies of refined petroleum products and pushing prices higher.
- Who
- US Energy Secretary Chris Wright and the US administration; commercial tracking firm Kpler.
- What
- A dispute over how much oil is actually moving through the Strait of Hormuz during the conflict with Iran.
- Where
- The Strait of Hormuz and the Arabian Gulf region.
- When
- During the current conflict with Iran, on the Monday and Tuesday referenced in the interview.
- Why
- The US moved to correct commercial tracking estimates that suggested oil traffic through the strait had fallen sharply during the conflict.
Key facts
- Daily oil flow through strait
- 8–9 million barrels/day (US Energy Secretary's estimate)
- Regional exports now vs pre-conflict
- 14–15 million barrels/day vs 20 million barrels/day
- Daily supply shortfall
- About 5–6 million fewer barrels per day
- US petrol price
- About $4 per gallon; target of about $3, no timetable
- Tracked crossings (Kpler)
- 14 on Monday and 14 on Tuesday, vs 100+ pre-conflict
- Vessel transponders
- Mostly switched off; ships sail under military escort
- Additional pressure factor
- Ukrainian attacks on Russian refineries cutting refined product supplies
Quotes
Chris Wright
U.S. Energy Secretary
“We know every day exactly how many ships transit the strait of Hormeus in and out. We know exactly what they’re carrying.”
thehansindia.com
“Almost all of these ships have their AIS, their transponders are off. So they’re dark, they’re under escort.”
thehansindia.com










