×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Thursday
07
May 2026
weather symbol
Athens 22°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Economy

Yannis Kotzias: Oil stocks for temporary crises are usually sufficient for about 60-90 days of consumption

The analysis of the co-founder of Xclusiv Shipbrokers, Yannis Kotzias, on the risks in the Straits of Hormuz, the impact on shipping and the potential disruption of the global energy market

Newsroom March 6 01:21

Δείτε περισσότερα άρθρα μας στα αποτελέσματα αναζήτησης

Add Protothema.gr on Google

Marine security in the Arab or Persian Gulfis one of the most important issues for international trade and global energy security today. This region is among the most strategically critical maritime zones on the planet, as it serves as a key export corridor for a huge proportion of the world’s oil and liquefied natural gas (LNG) production.

The Gulf coast is home to some of the world’s largest oil producers, including Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, Iraq and Iran. The region concentrates a significant portion of the world’s energy reserves, and accounts for about 20% of the world’s oil production.

The region is home to a significant portion of the world’s energy reserves, and accounts for about 20% of the world’s oil production.

Most of this production is exported to international markets through the Strait of Hormuz, a narrow but highly critical sea passage. It is one of the world’s most important energy “straits”, a true choke point for global shipping.

Every day, tens of millions of barrels of oil and petroleum products are transported through this corridor. The stability and security of the region are therefore considered vital for the smooth functioning of the international energy market.

The operation of the global oil chain is based on a complex process linking production to final consumption. First, crude oil is extracted from the fields. Then the oil is stored in large tanks near export terminals and loaded onto tankers for transport over long distances.

>Related articles

United Arab Emirates: Plans to participate in a multinational naval mission to the Strait of Hormuz

Analysis: Even if peace comes to the Middle East now, it will still take a long time for fuel prices to fall

V Group expands to the United Arab Emirates

The ships are headed to refineries in Europe, Asia and America, where crude oil is converted into products essential to the modern economy, such as gasoline, diesel, kerosene for aviation, marine fuels and energy products for industry and power generation. However, the geopolitical importance of the region also entails significant risks to maritime security. According to the analysis of Xclusiv Shipbrokers co-founder, Giannis Kotzias, the situation has become more fragile due to escalating tensions between Iran and the United States and wider instability in the Middle East.

 

 

Ask me anything

Explore related questions

#global energy market#Oil stocks
> More Economy

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

The six-hour session of New Democracy’s parliamentary group: “No to gloomy introversion, everyone needs to sweat for the jersey” – Mitsotakis’ message, the barbs & the complaints

May 7, 2026

Thriller over the 147 guns found in luggage in Evros allegedly meant to arm the Turkish “Daltons” gang – “We are Gulenists,” say those arrested

May 7, 2026

Analysis: Even if peace comes to the Middle East now, it will still take a long time for fuel prices to fall

May 7, 2026

V Group expands to the United Arab Emirates

May 7, 2026

The professions of the next decade in Greece: Which sectors offer salaries above €2,000

May 7, 2026

A three-stage plan is being studied by the US and Iran: Temporary agreement on a cessation of war and 30-day nuclear negotiations

May 7, 2026

Kyriakos Mitsotakis to the New Democracy parliamentary group: “Ministers should treat MPs with respect” – Adonis Georgiadis for Nikos Dendias: “Some people go where they insult us and don’t come here” (Upd.)

May 7, 2026

Abolition of preliminary examinations, new method for electing supreme court judges, and fiscal “brake” – Detailed changes to the Constitution proposed by New Democracy

May 7, 2026
All News

> Greece

In reverence, the emotional deposition in Jerusalem, see photos & video

The Holy Temple of the Resurrection opened after many days due to the war between Israel and Iran

April 10, 2026

In the final stretch for the accreditation of joint master’s degrees: Aiming for their launch in the coming academic year

April 10, 2026

Schedule for Epitaph Procession today (10/4)

April 10, 2026

Perfect weather for Easter excursions, according to Tsatrafyllia’s forecast

April 10, 2026

Easter in Greece: The customs that continue in Greek tradition – From Nafpaktos to Corfu

April 10, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα