23 Hrs
Source:
الاقتصادية
Aramco's Hormuz exports may reach 1.5 million bpd
Sources expect Saudi Aramco's oil exports via the Gulf from Ras Tanura Port through the Hormuz Strait to return to between 1 million and 1.5 million barrels per day during September and October, compared to August levels. This increase aims to offset part of the supply decline caused by an attack on the East-West pipeline and delays in shipments from Yanbu Port. This recovery contributes to providing additional supplies to the global markets, especially to China, South Korea, India, and Japan, despite the rising costs of maritime shipping reaching record levels. Additionally, Saudi Arabia is seeking to boost its exports to Asian markets amidst ongoing pressures on regional oil trade. Japan, meanwhile, is securing its supplies until November through alternate transfer operations outside the Gulf.
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