Strait of Hormuz Traffic Shifts to AIS-Dark Tanker Operations
4 Articles
4 Articles
Amidst Iran's continued blockade of the Strait of Hormuz, crude oil supply appears to be recovering and international oil prices are showing relative stability as an increasing number of oil tankers pass through the strait with their Automatic Identification Systems (AIS) turned off. According to Kepler, a European commodities analysis firm, on the 28th, the daily average volume of crude oil passing through the Strait of Hormuz this month was 9.…
(Tokyo=Yonhap News) Correspondent Lee Do-yeon = The reason crude oil prices are not rising sharply despite Iran effectively blockading the Strait of Hormuz is that this sea...
The recovery in supplies is one of the reasons why fears of a serious oil shortage on the world market have eased in recent days and crude oil prices have fallen.
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