Saudi Aramco Reroutes Crude to Yanbu Amid Hormuz Crisis, Faces Capacity Constraints

Saudi Aramco is diverting crude exports to the Red Sea port of Yanbu as the ongoing Middle East conflict shuts down oil flows through the Strait of Hormuz, a critical chokepoint for 14 million barrels per day (b/d) of Mideast Gulf shipments. The crisis, described by Aramco CEO Amin Nasser as the most severe the […] The post Saudi Aramco Reroutes Crude to Yanbu Amid Hormuz Crisis, Faces Capacity Constraints appeared first on the deep dive.