Saudi Arabia crude exports fell 460,000 bpd in July to 4.19 million bpd amid Red Sea route tightening

@KobeissiLetter

Saudi Arabia's crude export flows are facing renewed uncertainty: Saudi Arabia's crude exports fell -460,000 barrels per day in July, to 4.19 million barrels per day. The 746-mile pipeline carrying crude from Saudi Arabia's eastern oil fields to the Red Sea coast has been a key https://t.co/KMtpnSvtZB

@TU_Crypto_News

Saudi crude exports have plunged 74% as the Red Sea route tightens, disrupting flows into Asia, according to commodity investor Alexander Stahel. Surviving barrels now face a $3-$4 a barrel Suez detour, while West African crude demand remains limited.