HSBC CEO Says Hormuz May Become Redundant in About Five Years

Your call?🐂 Bullish🐻 Bearish

3.5M-5.5M bpd

pipeline bypass capacity

Saudi Arabian and United Arab Emirates crude pipelines have been estimated to offer 3.5 million to 5.5 million barrels a day of available bypass capacity. LNG volumes crossing the strait have no alternative route.