Aramco Asks Asian Buyers for Dual Red Sea-Hormuz Oil Supply Plans

Aramco Asks Asian Buyers for Dual Red Sea-Hormuz Oil Supply Plans

Saudi Arabia’s oil giant Aramco is requesting from Asian buyers to nominate crude loading plans for April for both its key export port in the Gulf and the export alternative on the Red Sea, multiple sources told Reuters on Wednesday. The crisis at the Strait of Hormuz has reverberated through global markets. With the Strait effectively blocked for tanker traffic, Saudi Arabia has diverted part of its crude oil exports from the Ras Tanura export …

Saudi Aramco seeks dual Gulf, Red Sea buyer plans amid Iran crisis, sources say

For April-loading cargoes, Aramco asked Asian buyers to submit nomination plans for both Ras ​Tanura and ‌Yanbu