Saudi Arabia’s Red Sea crude bypass peaks in March and declines 41% by June

AI Summary

Saudi Arabia redirected nearly all its crude oil exports through the East-West Petroline to Yanbu on the Red Sea after the closure of the Strait of Hormuz in February. The crude export peak reached about 4.07 million barrels per day in March but declined by 41% to roughly 2.39 million barrels per day by June.

Saudi Arabia redirected virtually all crude exports through its East-West Petroline to Yanbu on the Red Sea following the closure of the Strait of Hormuz in late February, reaching a peak of approximately 4.07 million barrels per day in March. By June, those volumes had declined to approximately 2.39 million barrels per day — a ...