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Aramco to boost exports from Strait of Hormuz to 60 million bbl in September and October, traders say

Source: reuters.com

Energy Markets & PricesCommodities & Raw MaterialsTransportation & LogisticsGeopolitics & War

Saudi Arabia has sold roughly 60 million barrels of crude from Ras Tanura for ship-to-ship transfer at Oman’s Sohar port during this month and next. The rerouting of volumes originating inside the Strait of Hormuz highlights a potentially material logistics and geopolitical risk for regional oil supply flows, though the report does not quantify any production disruption.

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