More oil is flowing out the Strait of Hormuz, Kpler confirms
Key Points:
- Kpler, a maritime analyst firm, confirmed that an average of 8.6 million barrels of oil per day flow through the Strait of Hormuz, aligning with previous estimates from the Trump administration.
- Earlier reports underestimated the flow at around 5 million barrels daily because they did not account for "dark transits," where ships turn off transponders, and secret ship-to-ship transfers.
- These dark fleet tactics involve tankers shutting off tracking devices and transferring cargo to other vessels to avoid threats, complicating accurate tracking of oil exports through the Strait.
- Kpler's updated data backdates confirmed movements to their actual transit dates, gradually filling in historical figures and providing a clearer picture of oil flow, though recent figures remain minimum estimates.
- Despite a recent increase since June, current oil flow through the Strait is still less than half of the 20 million barrels per day recorded before the war.