I find the Traffic Trends claim in JMIC Update 078 for BAM REALLY difficult to believe.
Combined cargo and tankers in the tables averages 35 per day on July 28 and July 29 compared with baseline 60.
Baseline tankers alone would be 30 per day, instead they're showing 13 per day average for the two days, 10.7 per day over the seven days.
The claim is that vessels are running dark.
But the Saudis are loading NOTHING at Ras Tanura in the Persian Gulf, where there is also oil in the water in satellite photography, and the Houthis droned Saudi oil infrastructure to Yanbu in the Red Sea on Monday.
Meanwhile somebody droned two gas vessels at the Egyptian port of Damietta on The Med on Wednesday, clearly meant to signal that the Suez option's days may be numbered.
The oil business is a confidence game, and the authorities have a vested interest in maintaining it to prevent public panic.
Gasoline is now $4.49/gallon where I live.
