Aramco tests Oman-based cargoes, signaling wider Hormuz routing

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Source: Bloomberg.com
Aramco tests Oman-based cargoes, signaling wider Hormuz routing
Photo: Bloomberg.com
TL;DR

Saudi Aramco is offering Arab Medium and Arab Heavy cargoes on a ship-to-ship basis from Sohar near Oman, a sign that Saudi Arabia may be shuttling more crude through the Strait of Hormuz; the barrels are likely from the Persian Gulf, and this follows a pattern of increased Gulf-region cargo activity as producers seek alternative routes amid regional tensions, though Aramco did not comment.

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