Gulf producers stand to gain as China replaces Iranian loss
China’s non-Iranian Middle Eastern crude arrivals are set to reach their highest level since the war began, despite VLCC tightness and Hormuz ship-to-ship (STS) bottlenecks delaying cargo deliveries. As Iranian supplies dwindle, Gulf producers — particularly Saudi Arabia and Iraq — are well positioned to capture more of China’s crude demand. Meanwhile, Beijing’s fuel export ...
We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.