Shipping data shows crude oil loadings at Saudi Arabia’s Yanbu port fell 17% week-on-week
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Kpler data shows that in the week starting April 13, the average crude oil loading volume at Yanbu, a Red Sea port in Saudi Arabia, was about 3.5 million barrels per day, a 17% decrease compared to the previous week and the lowest level since the second week of March. According to Kpler and London Stock Exchange Group (LSEG), the historical record high was approximately 4.3 million barrels per day.
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