Rising congestion near the Persian Gulf has shifted critical ship-to-ship oil transfer operations to India's Gulf of Kutch, where 680,000 barrels per day were processed in September.
The article reports increased ship-to-ship oil transfer activity off India's west coast, indicating logistical shifts in crude oil flows but no direct price signal.
Logistical bottlenecks near the Strait of Hormuz are forcing oil producers to relocate ship-to-ship (STS) transfer operations to India's west coast. Data from Vortexa reveals that 82 cargoes, totaling 680,000 barrels per day, were processed in the Gulf of Kutch during September to maintain export flows.
The waters near the Strait of Hormuz have become overcrowded, necessitating the use of alternative locations like the Gulf of Kutch to maintain export volumes.