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Yemen Operations and the Sharp Decline in Saudi Oil Exports

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Yemen Operations and the Sharp Decline in Saudi Oil Exports

The Lebanese newspaper *Al-Akhbar* reports that, amidst recent victories by Yemen’s Ansarullah, Saudi Arabia faces a dual blockade on its oil export routes: the Strait of Hormuz—its eastern gateway—remains closed to the Kingdom, while the Bab al-Mandab Strait—its western gateway—has increasingly fallen under the control of Yemeni forces after being under siege for some time, effectively driving Saudi oil exports toward zero.

 

According to data from the firm Kpler, the average weekly volume of Saudi crude oil passing through this strait exceeded 3.5 million barrels per day in early July, driven by increased exports from Yanbu. However, from mid-July onwards, this flow dropped sharply, reaching near-zero levels by August.

 

This decline in production and exports is not solely attributable to the blockade of the Bab al-Mandab; rather, it stems from a series of simultaneous blows and disruptions targeting oil facilities and export routes. These incidents include Ansarullah targeting vessels passing through the Bab al-Mandab, attacks on the Jazan refinery and maritime operations near Yanbu, and drone strikes on oil processing facilities at Abqaiq.

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