1 month ago

Oil transfers slow in Gulf of Oman

Oil transfers slow in Gulf of Oman
Oil transfer activity in Gulf of Oman slows following ship attacks, data shows · theprint.in

Recently, there has been a slowdown in the transfer of oil between tankers in the Gulf of Oman.

This is because there have been attacks on ships by Iranian forces, which has made it less safe for tankers to move oil.

Normally, tankers would transfer oil to each other outside the Strait of Hormuz, but now there are fewer of these transfers happening.

The U.S. military has been helping guide tankers to keep oil exports flowing, but some shipping companies are avoiding this help because of the safety concerns.

Iran says that ships using unsafe routes are responsible for their own problems.

Despite the attacks, the U.S. says that oil is still moving through the Strait of Hormuz, but at a reduced rate compared to before the conflict.

Key facts

Date
July 20
Location
Gulf of Oman, Strait of Hormuz
Key Entities
U.S. military, Iranian forces, oil tankers
Oil Transfer Method
Ship-to-ship (STS) transfers
Recent Satellite Imagery
July 18 showed one pair of tankers involved in STS transfers
Average Supertankers per Day
Two supertankers per day in the past week, down from five the previous week
Oil Export Volume
Under 14 million barrels a day, two-thirds of pre-conflict traffic

Quotes

U.S. Energy Secretary Chris Wright

U.S. Energy Secretary

“Washington would continue to assure traffic through the strait 'without Iran’s cooperation'.”
theprint.in
“The seven-day trailing average right now is just under 7 million barrels a day flowing through the waterway and just under 7 million barrels a day additional flow through the bypass pipelines. So, we’re at a little under 14 million barrels a day … That’s two-thirds of pre-conflict traffic, dramatically up from where we were back in March.”
theprint.in

Sources

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