The suspension of oil shipments through the strait of Bab el-Mandeb this week by Saudi Arabia, coming shortly after a threat by Iran to shut the strait of Hormuz, raised a lot of questions about the vulnerability of the oil trade to just a handful of chokepoints around the world. But what are countries and oil producers doing to alleviate that risk? In a previous article , I detailed the top 4 chokepoints that pose a risk to oil supplies. Let’s look now at some of the projects and schemes intended to work around those chokepoints. Strait of Hormuz Nearly a fifth of the oil trade, or nearly 19 million barrels per day (mb/d) of crude oil, passes through the Strait of Hormuz, combined with nearly a third of global LNG supplies. Saudi Arabia and the UAE each have pipelines that have the capability to ship oil outside of […]