EIA report says 30% of oil travels through South China Sea

A RECENT report from the US’s Energy Information Administration outlines just how much oil passes through the disputed South China Sea region, reminding Australia that any disruptions could have serious implications for liquid fuel security given low indigenous fuel stocks. 

EIA report says 30% of oil travels through South China Sea EIA report says 30% of oil travels through South China Sea EIA report says 30% of oil travels through South China Sea EIA report says 30% of oil travels through South China Sea EIA report says 30% of oil travels through South China Sea

30% of crude moves through the South China Sea: EIA

Over one third of the world's oil travelled through the South China Sea, with the EIA pegging it at 15 million barrels per day in 2016. 
 
"More than 90% of crude oil volumes flowing through the South China Sea in 2016 transited the Strait of Malacca, the shortest sea route between suppliers in Africa and the Persian Gulf and markets in Asia, making it one of the world's primary oil transit chokepoints," the agency said.  
 
Some 1.4MMbbl of crude goes through the strait to Singapore and the west coast of Peninsular Malaysia for refining, before transiting the South China Sea. 
 
This chokepoint is where much of Australia's liquid fuel comes from, and with strategic petroleum ...