Saudis Boost North Red Sea Oil Exports to Avoid Chaos in South

 

• Shipments from Muajjiz terminal more than doubled in January
• Tankers are avoiding southern Red Sea after Houthi attacks

Saudi Arabia significantly increased oil exports from its Muajjiz terminal last month, allowing them to avoid areas in the southern Red Sea that have been attacked by Yemeni Houthi militants.

The kingdom’s western terminal near Yanbu shipped 18 million barrels in January, or 580,000 barrels a day, according to ship tracking data compiled by Bloomberg. That compares with 8 million barrels or 258,000 barrels per day a month earlier.

https://www.bloomberg.com/news/articles/2024-02-01/saudis-boost-north-red-sea-oil-exports-to-avoid-chaos-in-south