Kpler data: Oil flow in the Strait of Hormuz returns to pre-war levels, international oil prices decline in early trading.
智通财经2026/10/05 06:36(1) According to a report by shipping data analysis firm Kpler, crude oil outflows from the Strait of Hormuz have returned to pre-war levels. Affected by this news, international crude oil prices declined in early trading. Brent crude oil remains above $100, quoted at $101.20 per barrel, while WTI crude oil is at $89.73 per barrel. Both major benchmarks actually recorded gains compared to last Friday’s closing prices, indicating that some traders are waiting for solid evidence of shipping improvements. (2) Preliminary data from Kpler show that from September 27 to 29, the daily crude oil flow through the Strait of Hormuz ranged between 19.5 million and 22.5 million barrels, roughly double that of a month ago. Despite ongoing attacks on Saudi energy infrastructure and oil tankers in the strait, crude oil transportation volumes have still recovered. (3) Kpler previously disclosed that shipping flow through the strait was still below the ten-day moving average, which had caused concerns about supply among energy market participants. Even after tanker attack incidents, some market participants believe the actual impact of the attacks on oil prices is limited. (4) The data also show that liquefied natural gas (LNG) flows through the Strait of Hormuz have similarly returned to pre-war levels. QatarEnergy remains under force majeure on exports, and though it is purchasing LNG spot cargoes to fulfill long-term contracts, emergency procurement alone makes it difficult for the country to restore LNG exports to pre-war levels.
- According to a report by shipping data analysis agency Kpler, crude oil outflows through the Strait of Hormuz have returned to pre-war levels. Affected by this news, international crude oil prices fell in early trading; however, Brent crude remains above $100, quoted at $101.20 per barrel, while WTI crude is priced at $89.73 per barrel. Both benchmarks have actually increased compared to last Friday's closing prices, indicating that some traders are still awaiting compelling evidence of improved shipping conditions.
- Preliminary data from Kpler shows that between September 27 and 29, daily crude oil flows through the Strait of Hormuz ranged from 19.5 million to 22.5 million barrels, about twice the amount from a month earlier. Despite ongoing attacks on Saudi energy infrastructure and tankers within the strait, crude oil transport volumes have still managed to recover.
- Previously, Kpler had disclosed that shipping flows in the strait were still below the ten-day moving average, which once sparked concerns among energy market participants about supply. Even in the event of tanker attacks, some market participants believe the actual impact on oil prices would be limited.
- The data also shows that liquefied natural gas flows through the Strait of Hormuz have likewise returned to pre-war levels. Qatar Energy is still under force majeure on exports; although it is purchasing spot LNG to fulfill long-term contract orders, it is difficult for the country to restore LNG exports to pre-war volumes relying solely on emergency purchases.
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