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

Green Car Congress

DECEMBER 31, 2011

They are a critical part of global energy security due to the high volume of oil traded through their narrow straits. The Abqaiq-Yanbu natural gas liquids pipeline, which runs parallel to the Petroline to the Red Sea, has a 290,000-bbl/d capacity. Use of the alternate routes would increase the cost of transportation.

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Oil Saudi Arabia Panama United Arab Emirates 290
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EV Radar: June 2022

Noodoe

JULY 1, 2022

And big players in the industry are joining forces to support and do their part to reach the goal. Some automakers raised the costs of their EVs between 5 per cent to 20 per cent. An optional electric power supply can be used to operate auxiliary equipment, eliminating the need for the usual diesel or gas generator. Afghanistan.

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