UAE Weighs Plans for Third Strait of Hormuz Bypass Pipeline
Published . Updated .
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Bloomberg reported Wednesday morning that Abu Dhabi’s state-owned energy giant, Abu Dhabi National Oil Co., is weighing plans for a third pipeline from the UAE’s western coast to Fujairah on its eastern coast that could supply Asian customers and bypass Hormuz.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund-1.1% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+7.5% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- AMLP Alerian MLP ETF-0.5% 30d
Alerian MLP ETF: it holds pipeline operators. Linked by “pipeline” (pipelines) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “oil” (tanker shipping) in this story.
- UAE iShares MSCI UAE ETF
iShares MSCI UAE ETF holds stocks listed in the UAE, which this story is about (“uae”).
- AAXJ iShares MSCI All Country Asia ex Japan ETF-9.5% 8d
iShares MSCI All Country Asia ex Japan ETF holds stocks listed in Asia, which this story is about (“asian”).
- FRO Frontline+1.6% 30d
Tanker operators earn more when freight rates spike. Linked by “hormuz” in this story
- INSW International Seaways-7.8% 19d
Tanker operators earn more when freight rates spike. Linked by “hormuz” in this story
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USO | +5.38% | +6.75% | base | -8.03% | -6.32% | -5.71% | -9.82% |
| XLE | +2.64% | +4.95% | base | -4.79% | -6.96% | -7.59% | -7.07% |
| AMLPNo price data for this ticker | — | — | — | — | — | — | — |
| BWET | +7.18% | +11.56% | base | -15.67% | -19.70% | -19.70% | -30.61% |
| UAE | +1.46% | -1.35% | base | +5.00% | +2.11% | +3.49% | +5.32% |
| AAXJ | +3.95% | +0.02% | base | +0.83% | -5.84% | -3.46% | -0.64% |
| FRO | +5.87% | +8.47% | base | -8.33% | -13.79% | -13.08% | -15.58% |
| INSW | +6.60% | +6.75% | base | -5.00% | -8.71% | -6.51% | -8.69% |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
UAE Weighs Plans for Third Strait of Hormuz Bypass Pipeline Crude Oil Prices Today | OilPrice.com
Strait of Hormuz
| Company | When | Move | Status |
|---|---|---|---|
| AAXJ | that day | +0.83% | final price |
| AAXJ | the next day | -5.84% | final price |
| AAXJ | two days later | -3.46% | final price |
| AAXJ | three days later | -0.64% | final price |
| AAXJ | three days earlier | +0.02% | final price |
| AAXJ | five days earlier | +3.95% | final price |
| BWET | that day | -15.67% | final price |
| BWET | the next day | -19.70% | final price |
| BWET | two days later | -19.70% | final price |
| BWET | three days later | -30.61% | final price |
| BWET | three days earlier | +11.56% | final price |
| BWET | five days earlier | +7.18% | final price |
| FRO | that day | -8.33% | final price |
| FRO | the next day | -13.79% | final price |
| FRO | two days later | -13.08% | final price |
| FRO | three days later | -15.58% | final price |
| FRO | three days earlier | +8.47% | final price |
| FRO | five days earlier | +5.87% | final price |
| INSW | that day | -5.00% | final price |
| INSW | the next day | -8.71% | final price |
| INSW | two days later | -6.51% | final price |
| INSW | three days later | -8.69% | final price |
| INSW | three days earlier | +6.75% | final price |
| INSW | five days earlier | +6.60% | final price |
| UAE | that day | +5.00% | final price |
| UAE | the next day | +2.11% | final price |
| UAE | two days later | +3.49% | final price |
| UAE | three days later | +5.32% | final price |
| UAE | three days earlier | -1.35% | final price |
| UAE | five days earlier | +1.46% | final price |
| USO | that day | -8.03% | final price |
| USO | the next day | -6.32% | final price |
| USO | two days later | -5.71% | final price |
| USO | three days later | -9.82% | final price |
| USO | three days earlier | +6.75% | final price |
| USO | five days earlier | +5.38% | final price |
| XLE | that day | -4.79% | final price |
| XLE | the next day | -6.96% | final price |
| XLE | two days later | -7.59% | final price |
| XLE | three days later | -7.07% | final price |
| XLE | three days earlier | +4.95% | final price |
| XLE | five days earlier | +2.64% | final price |
The Strait of Hormuz count beside this story
Geopolitics Alpha has 213 stories about Strait of Hormuz from the past 7 days and 705 stories from the past 30. That is about its usual pace over the past month. “UAE Weighs Plans for Third Strait of Hormuz Bypass Pipeline” is tagged to Strait of Hormuz.
How solid the energy case looks
12 out of 100
“UAE Weighs Plans for Third Strait of Hormuz Bypass Pipeline” scores 12 out of 100. The score uses 1 sources.