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وكالة صدى نيوز
Saudi oil shipments to Asia rise
Saudi Arabia recorded massive oil sales to Asia, exceeding 100 million barrels since mid-week, in order to avoid a potential supply crisis. These sales, which include deliveries scheduled for October and November through the Strait of Hormuz, amount to about one day’s worth of global demand. This comes amid the disruption of Saudi Arabia's East-West pipeline following an attack in September, which led to increased oil exports via the Strait of Hormuz. Additionally, this move is part of a broader strategy to compensate for supply shortages caused by the US sanctions and the closure of other pipelines, amid rising competition for Gulf oils from Africa and Latin America, as well as increased political risks to maritime shipping.
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