ATLAS News · Energy
LNG traffic through the Strait of Hormuz reached its highest level since the Iran war began, though Qatar's exports remain well below pre-war levels.
A Reuters headline says Hormuz LNG traffic in October was the highest since the Iran war began [1]. OilPrice.com reports that Qatar's exports remain well below pre-war levels as global gas markets face an uncertain winter [2].
Reuters titled its report "Hormuz LNG traffic hits highest in October since Iran war began" [1].
OilPrice.com reports that LNG shipments through the Strait of Hormuz rebounded in October, but Qatar's exports remain well below pre-war levels [2]. It says global gas markets face an uncertain winter [2].
According to Kpler data, as cited by Reuters and reported by OilPrice.com, exports of LNG via the strait last month reached the highest total since February, at 31 tankers, compared with 27 in September [2].
OilPrice.com says most of these cargoes were loaded from Qatar's Ras Laffan hub, despite it still being under force majeure [2]. A Bloomberg headline refers to Qatar LNG loadings picking up to around half of pre-war levels [3].
Sector relationship, not a demonstrated effect: ATLAS has no evidence that this story moves these companies' share prices. They appear for their activity in the sector and are shown with ATLAS data.
Major global LNG trader and producer, exposed to supply disruption and gas price moves from Qatari volumes. · Energy
Active LNG trading and supply business, exposed to Gulf LNG flows and global gas price volatility. · Energy
Holds interests in Qatari LNG projects and is a large global LNG seller, exposed to Hormuz shipping flows. · Energy
UK gas and power supplier with LNG portfolio exposure, sensitive to global gas supply and winter prices. · Utilities
Participant in Qatari LNG operations and a major global LNG supplier, exposed to Gulf export volumes. · Energy
ATLAS model estimates put the fair value of Shell, BP, TotalEnergies and Centrica above their latest closes of November 9. The gaps range from 21.50% below fair value for TotalEnergies to 39.80% below for Centrica. ExxonMobil's close was 19.79% above its estimate. These are model estimates, not promises, and are unrelated to the story.
This is a sector relationship, not a demonstrated effect: there is no evidence that this story moves these companies' share prices. Figures are taken from closes and may change.
Start in under a minute. Information, not advice.
There is no evidence of that. The companies are listed because of their LNG activity, a sector relationship, not a demonstrated effect.
OilPrice.com, citing Kpler data as cited by Reuters, reports 31 tankers, compared with 27 in September [2].
No. OilPrice.com says they remain well below pre-war levels [2].
Closing prices, fair value, probabilities, earnings and dividends: ATLAS own data as of November 10, 2026. How we calculate fair value.
Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer
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