The Kobeissi Letter says Saudi Arabia is rerouting crude away from the blocked Strait of Hormuz at record pace, highlighting Yanbu shipments doubling in two weeks.
Saudi Arabia is rerouting oil supply away from the blocked Strait of Hormuz at a record pace:
Crude oil shipments from Yanbu, a port on Saudi Arabia’s Red Sea coast, are up to ~5 million barrels per day, DOUBLING in just 2 weeks.
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