*Walter Bloomberg
@DeItaone
Joined August 2014
40 Following 2M Followers
KUWAIT OFFERS OIL TRANSFERS OUTSIDE HORMUZ
Kuwait Petroleum Corp is offering ship-to-ship transfers of crude oil and refined fuels outside the Strait of Hormuz as buyers avoid ports inside the waterway due to U.S.-Iran war risks.
KPC says vessels will continue passing through Hormuz when conditions are safe.
Kuwait’s naphtha exports have been heavily disrupted, recently running at around half their pre-war levels.
Qatar, the UAE and Iraq are also offering oil from ports outside Hormuz.
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