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Gulf of Oman ship-to-ship oil transfers reach limit as Saudi exports surge

Source: reuters.com

Energy Markets & PricesTransportation & LogisticsGeopolitics & WarTrade Policy & Supply Chain
Gulf of Oman ship-to-ship oil transfers reach limit as Saudi exports surge

Ship-to-ship transfer capacity in the Gulf of Oman for Middle Eastern crude moving from inside the Strait of Hormuz has reached its limit, according to trade sources and analysts. Saudi Arabia's diversion of exports from the Red Sea has added to volumes from other regional producers, creating a logistical bottleneck that could disrupt oil flows and raise transport-related costs.

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