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Saudi oil loading rises amid Red Sea unrest
Saudi Arabian oil ports along the Arabian Gulf are witnessing an increase in crude oil loading activities, with heightened activity at Ras Tanura and Jeddah ports, amid the reorganization of export routes due to Houthi threats to navigation in the Red Sea. Data showed that approximately 7 million barrels were being loaded at Ras Tanura Port, amid movements by several supertankers, while activity at Yanbu ports on the Red Sea has decreased, with a recent reliance on smaller vessels. Additionally, oil flows to Egypt via Sidi Kerir Port have risen, reflecting Saudi Arabia’s efforts to diversify and adjust its export routes despite ongoing challenges and risks in the Red Sea.
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