VLCC Basrah Energy discharges crude at Fujairah after Hormuz crossing
Updated
Updated · MarketWatch · May 8
VLCC Basrah Energy discharges crude at Fujairah after Hormuz crossing
14 articles · Updated · MarketWatch · May 8
The 299,994-dwt tanker carried about two million barrels of UAE Upper Zakum crude loaded at Zirku Island on 7 May, according to Kpler shipping data.
It was one of only two tankers to leave the Gulf on Thursday, alongside LR2 Interstellar carrying 511,141 barrels of clean petroleum products.
The voyage highlights severe disruption in Hormuz traffic since the Iran war began, while traders say ADNOC has increasingly arranged crude, naphtha and jet fuel loadings outside the Gulf.
How did one tanker navigate a declared conflict zone while others face attack, and what does it mean for global oil supply?
Is the 'impassable' Strait of Hormuz a warzone or now the world's most expensive toll road?
Billions were bet on oil prices before the crisis. Who knew about the Hormuz war before it even began?