At least four oil and natural gas tankers that were headed to Yemen have been diverted as chaos mounts in the country after the launch of Saudi-led air strikes last month, according to industry sources and ship tracking data.
Fighting in Yemen is scaring off shippers and has forced the country's liquefied natural gas (LNG) export plant to take one of its production plants, or trains, off line.
Several companies, including France's Total and APR Energy Plc have either evacuated staff or ceased operations due to the conflict.
Yemen's Aden Refinery was supposed to issue a tender last week to seek oil product imports for May, but has now suspended the tender process and is waiting for the situation in the country to stabilize, an industry source in Yemen told Reuters.
This is expected to weigh on profit margins for oil products in Asia and the Middle East, which have had to cope with increasing supply from new refineries, traders said.There was a story earlier that said the Saudi air assault was not working out all that well.