Saudi Red Sea oil exports go dark as Houthi attack threat grows
LONDON: Saudi crude exports from the Red Sea are increasingly vanishing from view as tankers switch off tracking signals to avoid attacks by Yemen’s Houthis, with analysts saying all recent Yanbu loadings have been conducted “dark”. The Houthis declared a maritime embargo against Saudi Arabia on July 20, opening a new front against the United States and its allies in the Iran war. Since then,…
Saudi Red Sea oil exports are facing disruption as a result of threats from Yemen's Houthis, with tankers increasingly opting for "dark voyages" by turning off tracking signals to evade potential attacks. This trend has led to discrepancies in export estimates, with various ship-tracking firms reporting differing figures for Saudi Yanbu crude shipments.
The Houthis declared a maritime embargo on Saudi Arabia on July 20, targeting oil facilities and tankers, which has prompted vessels to operate without publicly visible tracking data. This lack of visibility makes it difficult to accurately assess the impact of the Houthi threats on crude flows. Despite the challenges, Saudi Arabia has been sending more oil north through the Red Sea, either via the Suez Canal or through Egypt's SUMED pipeline.
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