None
EN
UAE Defies Hormuz Risks to Keep Crude Flowing to Global Market
['Yongchang Chin', 'Alex Longley', 'Thu', 'August At Am Bst', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
It's one of dozens of such exits from the Persian Gulf as the state-run producer embarks on a novel marketing drive.
Individual ships spotted on ship-tracking databases give clues about the trade, but the real number is likely larger due to these dark crossings.
That's equivalent to more than a month of crude demand from Japan, Asia's third-largest consumer.
The UAE has been so successful in getting its crude out of the Persian Gulf that Vortexa estimates it was the only Middle Eastern producer to reach pre-war levels of seaborne exports in June and July.
The practice of shuttling barrels out of the gulf — dark crossings that supply waiting vessels outside Hormuz — has picked up again after those strikes, people familiar with the matter said last week.