Saudi Arabia's crude oil exports plummeted to approximately 3 million barrels per day in August, marking a nine-year low, amid threats in both the Red Sea and the Strait of Hormuz.
Bloomberg reported on September 2 that tanker tracking data from Vortexa and Kpler showed Saudi Arabia's observable crude oil exports in August were approximately 3 million barrels per day, the lowest since records began in early 2017. Previously, Saudi Arabia had diverted crude oil exports via the Red Sea port of Yanbu to bypass the risks of the Strait of Hormuz, but this alternative route has been rendered ineffective in recent weeks after Yemen's Houthi rebels announced a naval blockade against Saudi Arabia. Additionally, CCTV News reported that two Saudi crude oil tankers were attacked in the Strait of Hormuz this week, with one, the "Sidr" owned by Bahri Shipping Company, being attacked on August 31, resulting in the deaths of two crew members. Affected by this, London Brent crude oil prices returned above $95 per barrel this week, reaching a new high since late July, and market concerns about rising inflationary pressures and potential interest rate hike risks have consequently increased.
Source:华尔街见闻 · Source Link
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