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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

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. It is located between Yemen, Djibouti, and Eritrea, and connects the Red Sea with the Gulf of Aden and the Arabian Sea.

Oil 290
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EV Radar: June 2022


Some automakers raised the costs of their EVs between 5 per cent to 20 per cent. Several models in the market already can supply power to other cars, appliances, and even homes. An optional electric power supply can be used to operate auxiliary equipment, eliminating the need for the usual diesel or gas generator.