• 3 minutes War for Taiwan?
  • 7 minutes How China Is Racing To Expand Its Global Energy Influence
  • 10 minutes Is it time to talk about Hydrogen?
  • 58 mins U.S. Presidential Elections Status - Electoral Votes
  • 2 days Locked Thread on the election
  • 3 hours Mail IN Ballot Fraud
  • 18 hours Michael Moore Cranking Up Planet of the Humans Again
  • 18 hours “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova
  • 11 hours Censorship in USA
  • 2 days British PM Eyes Banning Gasoline and Diesel Car Sales
  • 2 days “Consumers Will Pay For Carbon Pricing Costs” by Irina Slav
  • 2 days San Francisco Imposes Natural Gas Ban
Can Asia Continue Its Crude Oil Buying Spree?

Can Asia Continue Its Crude Oil Buying Spree?

Cautious optimism in Asia has…

IEA: Return Of Lockdowns To Cut Oil Demand

IEA: Return Of Lockdowns To Cut Oil Demand

The renewed lockdowns in major…

ZeroHedge

ZeroHedge

The leading economics blog online covering financial issues, geopolitics and trading.

More Info

Premium Content

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...

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

The Claims...

Claims

By Zerohedge

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




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