Remove Cost Of Remove Djibouti Remove Global
article thumbnail

US EIA reminder: Strait of Hormuz world’s most important oil chokepoint; almost 20% of oil traded worldwide

Green Car Congress

Chokepoints are narrow channels along widely used global sea routes, some so narrow that restrictions are placed on the size of vessel that can navigate through them. They are a critical part of global energy security due to the high volume of oil traded through their narrow straits. —US EIA. million-bbl/d Tapline to Lebanon.

Oil 297