Global Oil and Gas "Hormuz tracker: day 136" Patricot

研报英文原文证据摘录

Global Oil and Gas "Hormuz tracker: day 136" Patricot

he July average at 6.0Mboe/d, compared with 3.7Mboe/d in June and Anna Kishmariya

1.3Mboe/d in May (Figure 4EstimatedoilandgasflowsexitingtheGulf,basedonDWT,inMboe/dmatedoilandgasflowsexitingtheGulf,basedonDWT,inMboe/d). On the inbound side, no tanker capacity was recorded Analyst

anna.kishmariya@ubs.comyesterday, with volumes in July so far averaging 5.8Mboe/d (Figure 5EstimatedcapacityofoilandgastankersenteringtheGulf,basedonDWT,inMboe/dEstimatedcapacityofoilandgastankersenteringtheGulf,basedonDWT,inMboe/d).

+44-20-7568 7999

Bab el Mandeb back in focus Rwibhu Aon

Analyst

As the Houthis launched missiles at Saudi Arabia yesterday (link), the Bab el Mandeb

rwibhu.aon@ubs.com

Strait is back in focus as potential additional risk for energy markets. It has grown in +91-22-6155 6078

importance in recent months as Saudi Arabia redirected some of its crude exports to

Tasso VasconcellosYanbu on the Red Sea. We estimat,e based on UBS Evidence Lab data, that ~6.5Mboe/d

have exited the Red Sea via the Bab el Mandeb over the past month (Figure 11EstimatedoilandgasflowsexitingtheRedSeaviatheBabelMandebStrait,basedonDWT,inMboe/d). Roughly

tasso.vasconcellos@ubs.com

3.5Mb/d are Saudi crude and 2.5Mb/d Russia crude (Figure 12CrudeflowsviaBabElMandebbyorigin(Mb/d)). India is the largest +55-11-2767 6683

importer of crude coming through the Bab el Mandeb, taking around 2.5Mb/d (Figure

Ellinor Cederstroem Palliotto13CrudeflowsviaBabElMandebbydestination(Mb/d)).

Associate Analyst

ellinor-cederstroem.palliotto@ubs.com

Gulf loading softens amid heightened risks +44-20-7567 1823

Gulf crude loadings excluding Iran declined again yesterday to 2.1Mb/d amid escalating

Leo Currie

tensions around Hormuz.