Global Oil and Gas: Hormuz tracker: day 138

Research evidence excerpt

Global Oil and Gas: Hormuz tracker: day 138

s.com

+61-3-9242 6237

June and 1.3Mboe/d in May (Figure 4EstimatedoilandgasflowsexitingtheGulf,basedonDWT,inMboe/dmatedoilandgasflowsexitingtheGulf,basedonDWT,inMboe/d). Capacity entering the Gulf fell to 2.7Mboe/d and

has averaged 5.5Mboe/d so far in July (Figure 5EstimatedcapacityofoilandgastankersenteringtheGulf,basedonDWT,inMboe/dEstimatedcapacityofoilandgastankersenteringtheGulf,basedonDWT,inMboe/d). Flows via the Bab el Mandeb Strait have Anna Kishmariya

not been disrupted so far and rebounded to 8.5Mb/d yesterday, above the average in Analyst

anna.kishmariya@ubs.comJuly to date of 6.4Mb/d.

+44-20-7568 7999

Gulf loading slightly eased; Yanbu loading surged Rwibhu Aon

Analyst

Gulf crude loadings excluding Iran eased slightly after a brief rebound, based on the

rwibhu.aon@ubs.com

latest revised data. Loadings fell to 6.0Mb/d yesterday and have averaged 4.4Mb/d over +91-22-6155 6078

the past week, compared with the July average of 5.7Mb/d and 4.2Mb/d in June. There

Tasso Vasconcelloswere no Iranian crude loadings yesterday after one cargo departed on Tuesday, leaving

the July average at 1.2Mb/d, below the typical 1.7–1.8Mb/d range but still above June’s

tasso.vasconcellos@ubs.com

0.8Mb/d. (Figure 9Iran'scrudeloadingsbyport(Mb/d)Iran'scrudeloadingsbyport(Mb/d)). Crude loadings at ports outside the Strait (Yanbu in Saudi Arabia +55-11-2767 6683

and Fujairah in the UAE) show a sharp rebound. Loadings surged to 9.0Mb/d yesterday,

Ellinor Cederstroem Palliottowith deferred cargoes at Yanbu hitting the market. The average loading stood at 5.7Mb/

Associate Analyst

d over the past week and July-to-date averages 5.9Mb/d, compared with 6.9Mb/d in

ellinor-cederstroem.palliotto@ubs.com

June.