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Saudi Oil Routes Shift Again | US News
Saudi Arabia is rerouting its oil shipments again—this time north through the Red Sea and Suez Canal—to dodge Houthi rebel attacks that have made traditional routes too dangerous. The kingdom’s oil now flows via Egypt’s Sumed pipeline, boosting throughput from under 650,000 to over 1.9 million barrels daily. But the detour adds two to four weeks to delivery times and hikes prices by at least $5 per barrel, forcing Asian buyers in China, South Korea, and Japan to pay more or seek alternatives. Aramco is working to diversify and expand shipping options as global markets feel the ripple effects…
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