Topic
saudi
Commodities ADNOC Suffers Sixteenth Hit as Houthis Strike Saudi Refinery
Iran attacked another ADNOC vessel in the Strait of Hormuz over the weekend, marking the sixteenth hit on the UAE energy major's fleet, while Houthis struck Saudi Aramco's 400,000 bpd Jazan refinery. Precious Shipping received $10.9m in war-risk cover for the lost bulker Mayuree Naree. Negotiations to reopen Hormuz remain deadlocked, according to Splash247.
Saudi's Yanbu Port Sees Busiest Day Since Houthi Blockade as Tankers Run Dark
Business-Today reported that Saudi Arabia's Yanbu terminal appeared to log its busiest day since Houthi threats disrupted Red Sea shipping, with five VLCCs at its oil-loading berths. Tankers carrying Saudi crude, including the Lesvos and Desh Vaibhav, are transiting the Bab el-Mandeb Strait with transponders switched off, and exports are being rerouted via Egypt's Sidi Kerir and around Africa. Persian Gulf crude outflows reached 8.4 million barrels on Friday despite rising security risks.