More Tankers Make It Through the Strait of Hormuz
More Tankers Make It Through the Strait of Hormuz Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
Two liquefied natural gas carriers and a supertanker have traversed the Strait of Hormuz over the past couple of days, with the LNG vessels heading for Pakistan and China, and the tanker, loaded with Iraqi crude, is en route to China.
According to a Reutersreport, the vessels used the route that Iran has told all ships to use from now on.
The LNG carriers are loaded with Qatari gas, the report said, citing data from LSEG and Kpler.
At least one of the vessels was loaded in late March.
The supertanker carrying Iraqi Basrah crude loaded its cargo in late February and had been stuck in Hormuz since then.
Bloomberg, meanwhile,reportedthat ADNOC has been using its own fleet of tankers to ship oil and gas through the Strait of Hormuz in so-called dark mode, where vessels switch off their geolocation indicators to remain unnoticed.
Reports about tankers passing through the Strait of Hormuz have multiplied over the past couple of weeks.
Two supertankers exited Hormuz last week and headed for their final destination in China, earlierreportssaid, and another two LNG carriers also made it through the strait and are en route to India, media reported earlier in May.
Some vessels have been passing through the chokepoint in dark mode, switching off their transponders to avoid detection from the Iranian military.
Since early March, hundreds of vessels, including tankers carrying energy commodities, have been stranded in the Persian Gulf west of the Strait of Hormuz amid the de facto closure of the chokepoint, but the past couple of weeks have seen some moving out.
According to data from Bloomberg cited by Zerohedge last week, at least 19 tankers carrying crude oil and liquefied petroleum gas from Gulf states other than Iran had traversed the Strait of Hormuz since March 1.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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