Shipping data shows that Saudi Arabia's crude oil loading volume in the Red Sea is expected to jump to 3.8 million barrels per day in March.

Shipping data shows that after the actual cutoff of crude oil exports through the Hormuz Strait due to the US-Iran conflict, Saudi Arabia's crude loading volume at its Red Sea Yanbu port is expected to soar to a record daily of 3.8 million barrels in March. Saudi Arabia can transport up to 7 million barrels of oil to Yanbu through its East-West pipeline every day, thereby avoiding a larger reduction in production. Saudi Aramco stated on March 10 that around 5 million barrels per day of crude oil are available for export through the pipeline, with the rest supplying local refineries. According to shipping data from the London Stock Exchange Group, an estimated 70 oil tankers are expected to load at Yanbu this month, of which around 40 are still en route. The data shows that as of March, the average loading volume at Yanbu has risen to 2.6 million barrels per day, higher than 1.4 million barrels per day in February and 1.3 million barrels per day in January.