Saudi Arabia’s Red Sea Oil Exports Jump To Nearly 4 Million bpd ...Middle East

Saudi Arabia's oil exports through its Yanbu port on ‌the Red Sea are projected to reach a record high of 3.8 million barrels per day in March after the U.S.-Israeli war on Iran virtually cut off exports via the Strait of Hormuz, Reuters reported on Wednesday. The Kingdom can pump up to 7 million barrels per day through its East?West pipeline, of which 5 mb/d are available for export.  Saudi Arabia has been using drag-reducing agents (DRAs) to speed up oil flows to Yanbu and mitigate loss of exports through Hormuz. DRAs are friction-reducing…

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