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Strait of Hormuz crisis Political Risk and Trade Energy

West African crude exports remain below pre-crisis levels despite Hormuz disruption

  • Average exports during the crisis have been slightly lower than pre-crisis levels
  • China’s crude oil import abstinence led the drag in East African exports
  • Exports to northwest Europe and the Mediterranean declined slightly while flows to SEA grew the sharpest, followed by India

  • Analysis

Higher costs have been a key deterrent for buyers despite global supply constraints with the Middle East Gulf conflict showing no signs of slowing

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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