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

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