QatarEnergy-controlled LNG tanker exits Hormuz, first in nearly three weeks
XLE•Red Sea crude loadings and security risks
Visible crude loadings from the Red Sea port of Yanbu fell by at least 30% last week after Yemen's Houthis declared a blockade on Saudi Arabia, Kpler and AXSMarine data showed, though Vortexa estimated that exports remained broadly stable, citing a rise in so-called dark tanker loadings.
"We have observed a clear increase in the number of crude/condensate tankers heading north after loading in the Red Sea. The shift reflects the renewed security risk around Bab el-Mandeb," said Vortexa analyst George Morris.
"Cargoes loaded at Yanbu accounted for around 15% of Asia's seaborne crude/condensate imports in June, so any sustained disruption has meaningful implications for Asian refiners."
