US EditionSaudi Aramco Cuts Oil Supply to Asia for Second Month in April
- Saudi Aramco has reduced crude oil supplies to Asian buyers for the second consecutive month in April due to disruptions in the Strait of Hormuz caused by the US-Israeli conflict with Iran.
- The company is supplying only its Arab Light crude to term customers through the Red Sea port of Yanbu, bypassing the Gulf route to avoid the Hormuz bottleneck.
- Saudi Arabia's crude exports fell from 7.108 million barrels per day in February to about 4.355 million barrels per day in March, with shipments from Yanbu expected to reach record levels to offset disruptions.
- China's top refiner Sinopec plans to load approximately 24 million barrels of Saudi crude from Yanbu in March, highlighting the shift in trade routes amid tight supply conditions.
13 Articles
13 Articles
Saudi Aramco cuts oil supply to Asia for second month in April
Saudi Aramco, the world's top oil exporter, has cut crude supply to Asian buyers for a second month in April, two sources with knowledge of the matter said on Monday, after the U.S.-Israeli war with Iran disrupted trade via the Strait of Hormuz.
Aramco Cuts Crude Shipment To Asian Region For Second Month In April
Oil giant Saudi Aramco is reported to have cut crude supply to Asian buyers for a second month in April. The world’s largest oil exporter is supplying only Arab Light crude exported from the Red Sea port of Yanbu to term customers in April
Saudi Aramco's Strategic Asia Oil Supply Cuts Deepen Market Uncertainty In April
The post Saudi Aramco’s Strategic Asia Oil Supply Cuts Deepen Market Uncertainty In April appeared on BitcoinEthereumNews.com. Saudi Aramco’s Strategic Asia Oil Supply Cuts Deepen Market Uncertainty In April Home Forex News Saudi Aramco’s Strategic Asia Oil Supply Cuts Deepen Market Uncertainty in April Source: https://bitcoinworld.co.in/saudi-aramco-asia-oil-supply-cuts-april/
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