Gulf oil exports recovered to over 81 percent of pre-war levels in September
GS3Economy · S&T · Environment · Security· External sector, trade & FDI· Prelims·
Energy security and maritime trade corridors: a key GS3 topic regarding global supply chain resilience.
Why in news
Kpler reported that Gulf oil exports recovered to over 81 percent of pre-war levels in September despite escalating maritime attacks in the Strait of Hormuz.
Background
The Strait of Hormuz typically handles about 125 large commercial vessels a day, accounting for 20 percent of global crude and LNG supplies. Saudi Arabia utilizes the East-West pipeline and ship-to-ship transfers to bypass the strait.
Facts for Prelims
- FactGulf oil exports recovered to over 81 percent of pre-war levels in September.
- FactStrait of Hormuz shipments account for approximately 20 percent of global crude and liquefied natural gas supplies.
- PlaceStrait of Hormuz: Critical energy corridor and maritime passage.
- FactKpler: Maritime intelligence firm reporting oil export data.
- FactSaudi Arabia uses the East-West pipeline and ship-to-ship transfers to bypass the Strait of Hormuz.
Prelims practice question
With reference to the Strait of Hormuz and global energy trade, consider the following statements:
- Gulf oil exports recovered to over 95 percent of pre-war levels in September.
- The Strait of Hormuz accounts for approximately 20 percent of global crude and LNG supplies.
- The Strait of Hormuz typically handles about 50 large commercial vessels a day.
Which of the statements given above is/are correct?
- (a)2 only
- (b)1 and 2 only
- (c)1 and 3 only
- (d)2 and 3 only
Show answer
Answer: (a) 2 only — Statement 2 is correct. Statement 1 is incorrect: The note states exports recovered to over 81 percent. Statement 3 is incorrect: The note states it typically handles about 125 large commercial vessels a day.
For Mains
Q. Analyze the geopolitical and economic implications of maritime security threats in the Strait of Hormuz on global energy supply chains.
Dimensions to cover in your answer
- Supply chain vulnerability: High freight, insurance, and security costs impacting global oil prices
- Geopolitical bypass: Strategic use of East-West pipeline and ship-to-ship transfers to mitigate maritime blockades
Keywords: Energy Security · Supply Chain · Maritime Trade · Geopolitics · Trade Barriers
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