What is the current volume of oil transit through the Malacca Strait?

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The Current Volume of Oil Transit Through the Malacca Strait Remains Undefined in Recent Data

Recent discussions between Indonesia and Singapore have reaffirmed their commitment to ensuring the Strait of Malacca remains accessible. However, the precise current volume of oil transit through this critical waterway is not detailed in the latest available information.
A Significant Chokepoint for Global Oil Flows

The Strait of Malacca serves as a vital maritime artery, connecting the Indian Ocean to the South China Sea. Its strategic importance is underscored by its role as the world's largest oil chokepoint by transit volume.
Latest Available Data from Early Last Year

According to the US Energy Information Administration (EIA), over 23 million barrels of oil, representing 29 per cent of total maritime oil flows, transited the Strait of Malacca in the first half of the preceding year. This figure highlights the substantial quantity of oil that regularly passes through this region.
Commitment to Maintaining Accessibility

Both Indonesian President Prabowo Subianto and Singaporean Prime Minister Lawrence Wong have expressed a shared interest in maintaining the Strait of Malacca as a free and accessible passageway. They intend to continue coordinating with Malaysia and Thailand to ensure the strait remains open, safe, and accessible to all vessels. This commitment aligns with principles of freedom of navigation and rights of passage as outlined in the UN Convention on the Law of the Sea (UNCLOS).

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What is the current volume of oil transit through the Malacca Strait?

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