Volume of crude oil and petroleum liquids transported through world chokepoints and the Cape of Good Hope, 2023

World maritime oil trade: 77.5 million barrels per day
World total oil supply: 101.9 million barrels per day

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Source: U.S. Energy Information Administration (EIA), Short-Term Energy Outlook, May 2024, and EIA analysis based on Vortexa tanker tracking and Panama Canal Authority, using EIA conversion factors and calculations.