Saudi Arabia races to reroute oil as Gulf storage fills fast

Saudi Arabia is diverting millions of barrels of oil to its Red Sea ports, helping the world’s top crude exporter maintain supply to buyers globally as the Iran war fills up storage sites across the Middle East.

- Bloomberg

Five supertankers already loaded at the western port of Yanbu this month, where exports have risen to three times the average of February, tanker-tracking data compiled by Bloomberg show. Saudi Arabia normally ships the vast majority of its oil from Ras Tanura on the Persian Gulf and, while those loadings have not halted, the war means cargoes are not leaving the region as normal.