Oil flows in the Middle East have recovered to pre-war levels.
Even so, traffic through the Strait of Hormuz is far from normal.
Standard Chartered estimates that exports reached 16.5 million barrels per day in September.
What’s surprising is that only 60% of that crude passed through the strait.
The rest of the oil is taking alternative routes, such as Fujairah and the Red Sea, to reach its destination.
This directly affects perceptions of risk around global energy supplies and their impact on $XAU .
Are you surprised that the routes have changed so much?
#Petroleo #Energia #Mercados
Even so, traffic through the Strait of Hormuz is far from normal.
Standard Chartered estimates that exports reached 16.5 million barrels per day in September.
What’s surprising is that only 60% of that crude passed through the strait.
The rest of the oil is taking alternative routes, such as Fujairah and the Red Sea, to reach its destination.
This directly affects perceptions of risk around global energy supplies and their impact on $XAU .
Are you surprised that the routes have changed so much?
#Petroleo #Energia #Mercados
