CYBEV
US Energy Chief: 9 Million Barrels a Day Move Through Hormuz

US Energy Chief: 9 Million Barrels a Day Move Through Hormuz

Oliver Kelly

Oliver Kelly

Aug 12·2
132

The US energy secretary said that roughly 9 million barrels of oil pass through the Strait of Hormuz every day, according to a report from الشرق بلومبرغ. The official made the remarks while describing current conditions in the key shipping lane, which connects Gulf producers to global markets.

The figure was part of a broader assessment of oil movements from the region. In a separate report, the US energy secretary also noted that about 20 million barrels of oil left the Gulf on the previous Sunday, as covered by gate.ahram.org.eg. The comments come as traders and governments watch for any disruption to supply routes in the Middle East.

CNN Arabic reported that the US says oil is flowing normally, but there is a problem. The nature of that problem was not detailed in the available material, though it suggests some underlying concern despite steady shipments. The statements align with other recent assessments of market conditions.

hormuz
hormuz

The International Energy Agency (IEA) has projected that oil markets will face a deficit of 1.8 million barrels per day, according to اليوم السابع. Separately, العربية reported that the IEA expects energy markets to see their largest shortfall in five years during 2026. These forecasts point to tightening supply even as current flows through Hormuz remain active.

The combination of normal transit volumes and projected deficits raises questions about how long the current balance can hold. Watch for further IEA data on supply and demand, as well as any updates on the unspecified problem cited by US officials.

#hormuz#oil flows#us energy secretary#gulf#oil market

Read next

Be the first to react
·0 shares·132