Middle East

Saudi Aramco Offers More Crude to Asia via Oman After Pipeline Attack

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Courtroom-sketch editorial illustration of a desert oil pipeline beside emergency vehicles, with fires and black smoke plumes rising in the distance, rendered in warm ochre and slate-blue pastel strokes.

Saudi Aramco has offered term buyers in Asia Arab Light, Arab Medium and Arab Heavy crude for ship-to-ship loading off Sohar, Oman, people familiar with the offers said. The route lies outside the Strait of Hormuz and follows Friday's drone damage to the East-West pipeline. Energy Aspects data showed loadings at Ras Tanura and Juaymah doubled last week to roughly 4 million barrels a day. Kpler data showed four very large crude carriers with combined capacity of 8 million barrels loading at Ras Tanura on Wednesday, while one buyer was told September Yanbu cargoes would be delayed.

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