Asian Refiners Request Alternative Pickup Point for Saudi Crude Amid Red Sea Shipping Risks

Source Summary

At least two Asian refiners have requested that Saudi Aramco deliver crude oil cargoes at Egypt's Mediterranean port of Sidi Kerir instead of the Red Sea port of Yanbu, citing heightened shipping safety risks in the Red Sea. The requests follow increased reluctance among vessel owners to transit the Bab el-Mandeb Strait to enter the Red Sea.