US EditionSaudi Arabia’s Red Sea Oil Exports Jump To Nearly 4 Million bpd
- On Wednesday, Saudi Arabia's Yanbu exports are projected to reach 3.8 million barrels per day in March, with Saudi Aramco redirecting more crude through its 7 million-barrel-per-day East–West pipeline.
- Standard Chartered estimates 2.9 million barrels per day of supply are currently offline after the Hormuz blockade, with all exports that could be diverted from the Strait of Hormuz having been, energy experts say.
- Most shipments from Yanbu load onto VLCCs, such as New Vista, which arrived on March 11 and departed on March 13 after loading, with DRAs boosting flow rates by 30%.
- Aramco has offered long-term Asian buyers Yanbu deliveries, with China expected to take a significant share, amid security risks after at least three tankers near UAE and Oman were struck.
- A growing armada of supertankers waits off the Red Sea coast while more tankers are en route to Yanbu for crude pickups, testing western export infrastructure limits.
16 Articles
16 Articles
The closure of the Strait of Hormuz has forced some oil tankers to divert to ports on Saudi Arabia's west coast to pick up crude oil and other goods, and then sail through the Red Sea instead, despite the risk of attack and soaring freight costs.
Saudi Arabia’s Red Sea Oil Exports Jump To Nearly 4 Million bpd
Saudi Arabia's oil exports through its Yanbu port on the Red Sea are projected to reach a record high of 3.8 million barrels per day in March after the U.S.-Israeli war on Iran virtually cut off exports via the Strait of Hormuz, Reuters reported on Wednesday. The Kingdom can pump up to 7 million barrels per day through its East?West pipeline, of which 5 mb/d are available for export. Saudi Arabia has been using drag-reducing agents (DRAs) to s…
Shiploads with belts in Yanbu port of the Red Sea continue to grow up to a record level of 3.8 million barrels per day (bpd) in March, according to the data on maritime transport published on Wednesday, after the war between the US and Israel against Iran effectively blocked exports through the Ormuz Stream, ...
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