JPMC Utilities Daily 15 June: UK Utilities, Global LNG Analyzer, RWE

Research evidence excerpt

JPMC Utilities Daily 15 June: UK Utilities, Global LNG Analyzer, RWE

number of energy tankers appear to have

traversed the closely watched Strait of Hormuz. The volumes still passing through the Strait

remain a sizeable balancing mechanism against the shortfall in the global oil market.

Throughout May, our oil colleagues estimated that 2.9 mbd of oil and products still moved

through the Strait. This appears to have increased to as much as 5.1 mbd in June month-to-

date, equivalent to roughly 25% of the disrupted flows, although 0.8 mbd of these are Iranian

volumes that are highly uncertain (Oil Flash Note: Schrödinger’s Strait, Kaneva et al, 12 June

2026). In addition to the already observed or estimated transits, back in the May there were

around 220 laden and 150 ballast oil and product tankers inside the Strait, while some of these

have potentially exited the waterway, many of them still remain inside which would provide

sizeable volumes to global markets in the first few weeks following a reopening of the Strait

(Oil Weekly: The butterfly effect, Kaneva et al, 11 May 2026). (Read full Research here)

RWE: All turbines installed at 1.4GW Sofia wind farm off UK

Renewables Now reports that RWE has installed all 100 Siemens Gamesa turbines at the

1.4GW Sofia offshore wind farm off the UK’s East coast. The last of the project’s 14MW

turbines was installed on June 10. Turbine installation was carried out by jack-up vessel Wind

Peak, owned by Cadeler. The wind farm is located in the shallow waters of the Dogger Bank

area in the central North Sea, more than 200 km off the coast. Currently, the high voltage

direct current (HVDC) distribution system is being tested and commissioned before the

turbines are connected to it.