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🛢 Kpler, a maritime vessel tracking concerning resource extraction, commodity shipping and market distribution data and analytics tracking reporting platform which has become the number one trade intelligence tool for businesses, investors and conflict observers appointed an Iranian monarchist as the head of its crude oil analytics department
The appointment was made likely sometime in late July/early August as that is when Kpler crude oil data about ship traffic in the Strait of Hormuz stopped being corroborated by satellite imagery and news reports confirming that only a small number of ships are able to enter and exit the Persian Gulf each day.
It has gotten to the point where Kpler now reports a partial restoration of ship traffic in the Strait of Hormuz even though the diesel crack spread is rising, gas prices all over the world are increasing and countries all over the globe continue to release barrels from their strategic petroleum reserves according to new EIA estimates.
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