Saudi Arabia may raise the price of crude sold to Asia as Red Sea disruptions force longer voyages. The reported increase could reach $5 per barrel, with rerouting adding as…
James Stephens2 min read
Saudi Arabia’s Red Sea oil route was built to bypass Hormuz, but higher insurance costs and a pipeline disruption have complicated shipments. Yanbu loadings were still paused as of Thursday,…
Jake Fox3 min read
A Houthi strike has taken Saudi Aramco’s 400,000 barrel per day Jazan refinery offline as fuel inventories run thin. The damage could also put the Red Sea route used to…
Edward Byrd2 min read