# The Suez Canal and SUMED Pipeline are critical chokepoints for oil and natural gas trade -
		U.S. Energy Information Administration (EIA)

> The EIA reports that the Suez Canal and SUMED pipeline handled about 9% of seaborne petroleum trade and 8% of global LNG trade in 2017. Southbound crude and product flows through Suez have risen since 2016, with US and Russian crude increasingly heading to Asia and the Middle East.

- Date: 2019-07-23 · published 2019-07-23T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/57988-the-suez-canal-and-sumed-pipeline-are-critical-chokepoints-for-oil-and-natural
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

This is a background explainer on energy chokepoints; it describes no new disruption, so the direct price effect on feed commodities is minimal.

## Read by commodity

- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2018-01-09 | [Sanchi Tanker Burns for Third Day in East China Sea](https://feedsoft.ai/events/66888-sanchi-tanker-burns-for-third-day-in-east-china-sea.md) | +2.9% | -0.7% |
| BRENT | 2019-08-30 | [Iron Ore Freight Starts to Cost a Ton as Great Fuel Shift Begins - Bloomberg](https://feedsoft.ai/events/57778-iron-ore-freight-starts-to-cost-a-ton-as-great-fuel-shift-begins-bloomberg.md) | +1.6% | +2.6% |
| BRENT | 2026-05-25 | [Ocean freight rates approach four-year high \| World Grain](https://feedsoft.ai/events/19449-ocean-freight-rates-approach-four-year-high-world-grain.md) | -12.1% | -23.9% |

## Sources

- eia.gov: https://www.eia.gov/TODAYINENERGY/detail.php?id=40152

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.