WTI Crude

Loading...

Brent Crude

Loading...

Natural Gas

Loading...

Gasoline

Loading...

Heating Oil

Loading...

Rotate device for more commodity prices

Crude Oil Chokepoints And Why Yemen Matters

Crude Oil Chokepoints And Why Yemen Matters

About half the world's oil production is moved by tankers on fixed maritime routes, according to Reuters. The blockage of a chokepoint, even temporarily, can lead to substantial increases in total energy costs and thus, these chokepoints are crucial to global energy security. While Hormuz remains the largest chokepoint (and along with Bab el-Mandeb explains why Yemen matters so much).

And while Yemen is key for The Strait of Hormuz...

OilTransitChokepoints

With Bab el-Mandeb even more specifically problematic if Yemen tensions get too extreme... Related: Who Benefits Most From Cheap Oil?

MEProductionAndChokepoints


Source: JPMorgan

...it is China's growing presence near The Strait of Malacca that is perhaps most worrisome for the global energy order... Related: Oil Markets Blow Yemen Crisis Out Of Proportion

ChinaImportCountries

and here's why...

SouthChinaSeaTradeRoutes Related: Forget Rig Counts And OPEC, Media Bias Is Driving Oil Down

The Claims...

Claims

By Zerohedge

More Top Reads From Oilprice.com:




Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News