Saudi Arabia resumes oil loadings, sales from inside Strait of Hormuz
Saudi Aramco resumed oil loading from inside the Strait of Hormuz last week and has more tankers waiting to load as the state energy giant offers spot heavy crude cargoes, according to shipping data and trade sources. On Monday, the world’s top oil exporter offered some Asian refiners Arab Medium and Arab Heavy crude cargoes … The post Saudi Arabia resumes oil loadings, sales from inside Strait…
On Monday, Saudi Aramco, the world's top oil exporter, announced the resumption of oil loading from inside the Strait of Hormuz. This comes after weeks of halting sales following attacks on its tanker fleet in the strategic waterway during the escalation of the U.S.-Iran conflict. Three very large crude carriers loaded 2 million barrels of crude each from the Juaymah and Ras Tanura terminals between August 12 and 16, indicating a significant increase in production capacity.
Additional VLCCs are expected to load Saudi oil from inside the strait later this month, potentially relieving the tight supply of heavier grades of crude. However, Saudi oil exports are still hindered by a blockade in the Red Sea by the Yemeni Houthis, forcing the producer to divert its exports to the port of Yanbu in Saudi Arabia.
Written by urgent.news from Ghanaian Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Aramco and Maaden form venture to tap Saudi Arabia’s $2.5 trillion mineral wealth thenationalnews.com
- Saudi Arabia resumes oil loadings, sales from inside Strait of Hormuz brecorder.com
- Aramco, Maaden form mining JV to explore nearly 10% of Saudi Arabia’s land saudigazette.com.sa
- Aramco, Maaden to form mineral exploration venture in Saudi Arabia gulf-times.com
- Saudi Arabia tightens airline checks on passenger travel documents arabianbusiness.com
