Energy

Alternative Routes for Middle East Oil and Gas Due to Hormuz Disruption - EnergyNow.com

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DW NOTE

The Strait has been shut since February. If there were genuinely scalable alternative routes for Middle East energy, the IEA wouldn't be projecting a 6% decline in global oil supply this year. The infrastructure for moving 21 million barrels a day overland or via longer sea routes does not exist and cannot be built on wartime timelines.

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The Indian crude basket hit $123.29 per barrel last week, approaching levels recorded in March 2012, and adding 86% to the price Indian oil marketing companies pay, local media have reported, also noting the effect of a cheaper rupee. Since Indian companies pay for the oil they buy from abroad in U.

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Alternative Routes for Middle East Oil and Gas Due to Hormuz Disruption - EnergyNow.com

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