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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

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. The Abqaiq-Yanbu natural gas liquids pipeline, which runs parallel to the Petroline to the Red Sea, has a 290,000-bbl/d capacity.

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EV Radar: June 2022

Noodoe

3% of Global Oil Demand Avoided. Today's EVs have helped avoid 3% of global oil demand. An optional electric power supply can be used to operate auxiliary equipment, eliminating the need for the usual diesel or gas generator. Eritrea.