Saudi Arabia has exported 4.355 million barrels per day of crude so far in March, data from analytics firm Kpler showed, down from 7.108 million bpd in February.
The producer is trying to boost crude exports via Yanbu to offset the Strait of Hormuz disruption, with loadings seen rising to record volumes in March. China‘s top refiner Sinopec (600028.SS), opens new tab is set to load about 24 million barrels of Saudi crude from Yanbu in March.