Saudi Aramco Considers New Pricing for Asia-Bound Oil Amid Red Sea Disruptions
Saudi Aramco is considering implementing a new pricing system for crude oil destined for Asia, specifically for shipments originating from Egypt's Sidi Kerir. This move comes as Houthi attacks continue to disrupt Red Sea shipping routes, forcing vessels to take longer and more costly routes around Africa. Asian refiners are reportedly seeking discounts to mitigate these increased shipping expenses and extended transit times, highlighting the ongoing pressure on global oil flows due to Middle East security risks.
Source:X@DeItaone · Source Link
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