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Diesel Prices at Record Highs Amid Strait of Hormuz Disruption, Russia-Ukraine War
Saudi loadings have lifted transit volumes through Hormuz while diesel crack spreads and prompt prices remain at record highs, analysts said.
Summary by Abc 7 News
7 Articles
7 Articles
Saudi Arabia has found a new crude oil export route after its east-west pipeline ceased operations due to attacks by pro-Iranian militias in Iraq. The method involves passing through the Strait of Hormuz, which had been effectively blockaded due to Iranian threats, and then transferring the crude oil to other vessels off the coast of Oman. On the 17th (local time), the Wall Street Journal (WSJ) reported that “the ‘shuttle transport’ traversing t…
Saudi Aramco sold nearly 60 million barrels of crude oil through the Ras Tanura port, located within the Strait of Hormuz, in September.
Oil prices fell after Saudi Arabia diverted exports through the Strait of Hormuz. Global supply disruptions eased.
Coverage Details
Total News Sources7
Leaning Left2Leaning Right1Center1Last UpdatedBias Distribution50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 25%
R 25%
Factuality
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