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Dark Oil Tanker Transits Keep Oil Flowing Through Hormuz Ahead of Peace Deal

Dark Oil Tanker Transits Keep Oil Flowing Through Hormuz Ahead of Peace Deal
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Energy Dark Oil Tanker Transits Keep Oil Flowing Through Hormuz Ahead of Peace Deal Tankers crossing the Strait of Hormuz with signals turned off are keeping this month’s oil flows at more robust levels than earlier in the Middle East conflict, as shippers await the signing of a US-Iran peace deal this week. At least four vessels carrying non-Iranian crude left the Persian Gulf between Sunday and Monday with their transponders disabled. The seven-day average for inferred crude outflows has...

Energy Dark Oil Tanker Transits Keep Oil Flowing Through Hormuz Ahead of Peace Deal Tankers crossing the Strait of Hormuz with signals turned off are keeping this month’s oil flows at more robust levels than earlier in the Middle East conflict, as shippers await the signing of a US-Iran peace deal this week. At least four vessels carrying non-Iranian crude left the Persian Gulf between Sunday and Monday with their transponders disabled. The seven-day average for inferred crude outflows has held above 2 million barrels a day so far this month, Bloomberg calculations using Kpler and Vortexa data show.
the Strait of Hormuz (LOCATION) the Middle East (LOCATION) US (LOCATION) Iran (LOCATION) non-Iranian (ORG) the Persian Gulf (LOCATION) Bloomberg (ORG) Kpler (PERSON) Vortexa (ORG)
Originally published by Bloomberg Markets Read original →