MNI Oil Weekly: Strait of Hormuz Flows Face STS Bottleneck
Download Full Report Here:: Executive Summary: * Strait of Hormuz Flows Face STS Bottleneck: A pick-up in Iraqi and Saudi shuttle flows out of SoH has supported market supplies this month but they still remain well down on pre-war levels and ship-to-ship transfers cause a bottleneck. * Oil Markets: Brent climbs back above $100/bbl on Wednesday amid swiftly collapsing optimism around US/Iran diplomacy. US diesel cracks have faced pressure after US Energy Secretary Chris Wright pushed back against a diesel export ban. * Analyst Views: See oil market views and outlooks from key analyst names.
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Download Full Report Here:: Executive Summary: * Strait of Hormuz Flows Face STS Bottleneck: A pick-up in Iraqi and Saudi shuttle flows out of SoH has supported market supplies this month but they still remain well down on pre-war levels and ship-to-ship transfers cause a bottleneck. * Oil Markets: Brent climbs back above $100/bbl on Wednesday amid swiftly collapsing optimism around US/Iran diplomacy. US diesel cracks have faced pressure after US Energy Secretary Chris Wright pushed back against a diesel export ban. * Analyst Views: See oil market views and outlooks from key analyst names.