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Energy security measures could offset up to 70% of Hormuz oil flows in future disruption: McKinsey
The brief
- Measures could offset up to 70% of Hormuz oil flows during a future disruption
- Temporary buffers, bypass pipelines and changes in global trade have absorbed much of the disruption so far
- A Hormuz disruption threatens crude supply and costs for Indian oil refiners and fuel marketers
- Higher outflow from Hormuz could unwind premiums; oil may correct by 10-15%
- European Gas Rises as Traders Watch for Further Talks on Hormuz
- Saudi Aramco considering discounts for Oman STS crude to counter high freight rates, sources say
- Baltic dry bulk freight index drops to near four-week low
- Saudi Arabia’s Key Oil Pipeline Starts Exports After Repairs
Qatar LNG force majeure and Hormuz disruption risks
Qatar extended its LNG force majeure as disruptions in the Strait of Hormuz continued. McKinsey said energy security measures could offset up to 70% of Hormuz oil flows in a future disruption.
Tuesday, 29 September
- Energy security measures could offset up to 70% of Hormuz oil flows in future disruption: McKinsey