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Saudi Arabia boosts oil exports off Oman
Saudi Arabia is shipping additional crude oil consignments to refineries in Asia through ship-to-ship transfers off the port of Sohar in Oman, following damage to its major oil pipelines caused by drone attacks. Data indicate that Saudi Aramco has offered Light Arab Crude and more than two other types of oil to Asian buyers. Meanwhile, the daily loading volume within the Gulf has doubled to approximately four million barrels, as part of efforts to reduce reliance on the Strait of Hormuz after shipping through it was restricted and security tensions in the region escalated.
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