Kpler data shows 10mln/bbl of crude loading from Al-Muajjiz (Saudi) between March 1st and 4th, which if sustained would be a record pace, Kpler's Bakr reports. Adding, a minimum of three VLCCs in the Red Sea are signalling to Yanbu and more heading there

• Tanker activity is an early sign of repositioning, despite heightened risks.

The report of 10 million barrels of crude loading from Al-Muajjiz on a potentially record pace signals a substantial increase in supply, which could weigh on WTI and Brent prices if sustained. The presence of multiple Very Large Crude Carriers (VLCCs) heading to Yanbu adds to the supply-side narrative, suggesting market sentiment may begin to shift especially amidst rising geopolitical tensions and logistical risks.