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Saudi Arabia Pivots to Spot Oil Sales After Key Pipeline Goes Offline

So far this week, Saudi Arabia has sold as many as 20 million barrels of crude oil in the spot market to be picked up from just outside the Strait of Hormuz, after the Kingdom was forced to shut down…

  • Saudi Arabia sells 20 million barrels in spot market after pipeline attack
  • Buyers collect cargoes via ship-to-ship transfers in Gulf of Oman
  • Aramco delays September deliveries to European refiners

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