Saudis Shuttle Oil North on Sinokor Tankers to Evade Houthis

Tanker traffic at Saudi Arabia's Yanbu port falls by a third, report says

Tanker traffic at Saudi Arabia's Yanbu port falls by a third, report says Tanker traffic at Yanbu, Saudi Arabia's main Red Sea oil terminal, has fallen by more than a third since Yemen’s Houthis announced a blockade of Saudi vessels through the Bab al-Mandeb strait on July 20, Lloyd's List Intelligence reports. To deal with the blockade, Saudi energy giant Aramco relies on a three-part operation to ship crude: shuttle tankers carry crude from Y…

Saudis Shuttle Oil North on Sinokor Tankers to Evade Houthis

Shipowners including Sinokor Group are helping Saudi Arabian crude exit the Red Sea via the safer northern route, as Iran-backed militants target the kingdom’s exports via the Bab el Mandeb chokepoint in the south.

Saudi Oil Exports from Mediterranean Soar with Shuttles North to Avoid Houthis

Saudi Arabia has boosted its crude oil exports from Egypt’s Mediterranean port of Sidi Kerir by about 33% in the month since the Houthis threatened Saudi oil shipments in the southern Red Sea and the Bab el-Mandeb Strait, tanker-tracking data compiled by Bloomberg showed on Friday. Saudi state oil giant Aramco, the world’s single largest crude oil exporter, has started shuttling oil from its Yanbu port on the Red Sea north toward Egypt to avoid …

Houthi blockade cuts Saudi Yanbu port tanker traffic by over a third

The blockade exacerbates regional instability, threatening global trade and energy security, while highlighting vulnerabilities in maritime routes. The post Houthi blockade cuts Saudi Yanbu port tanker traffic by over a third appeared first on Crypto Briefing.

Various Tankers Shuttle Saudi Oil North to Evade Houthis

Shipowners including Sinokor Group are helping Saudi Arabian crude exit the Red Sea via the safer northern route, as Iran-backed militants target the kingd...