The United States Energy Information Administration (EIA) has just issued its 2017 report on maritime choke points around the world. The report is timely as crude oil prices have spiked higher this week as a result of mounting geopolitical tensions, with the Brent and WTI hitting settlement highs of $52.65 per barrel and $50.17/bbl respectively.
Although the EIA report focused mainly on oil flows, it also has relevance for the transit of NGLs and LNG, which the US is exporting in increasing volumes. The report gives...
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