Sunday, September 27, 2026

Why the Oil Crisis Is Lessening

 9/24/26 Reuters:

SINGAPORE, Sept 25 (Reuters) - Crude oil flows out of the Strait of Hormuz reached 33.7 ​million barrels so far in the week starting September ‌20, preliminary ship-tracking data from Kpler showed on Friday, putting exports roughly on track with the previous week's levels.
The traffic comprised 19 tankers, of which ​17 are very large crude carriers (VLCCs) that can carry 2 ​million barrels of oil, the data showed. Most of ⁠the tankers are laden with crude from Saudi Arabia, followed ​by Iraq.

And that does not include ships transitting with transponders turned off. Still not at prewar levels but not at 0 either. 

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