Saudis Offer To Sell Oil Near Oman, A Sign They’re Sailing Dark Through Hormuz
Saudi Arabia spent weeks finding ways around the Strait of Hormuz. Now it is starting to send tankers straight back through it.
According to OilPrice.com, Saudi Aramco resumed crude loadings from its Ras Tanura and Juaymah terminals inside the strait last week, ending a three-week gap in activity at the ports, according to Kpler and Vortexa data cited by Reuters.
Three VLCCs — Malaysia Prosperity, Algeria Prosperity and Singapore Prosperity — each loaded roughly 2 million barrels between August 12 and August 16. Six more VLCCs could load Saudi crude from inside Hormuz later this month, provisional Kpler data showed.
The next round may involve Saudi Arabia’s own ships. According to Bloomberg, Saudi Arabia is offering to sell oil from off the coast of Oman, a sign that the kingdom may be following the United Arab Emirates in shuttling more barrels through the Strait of Hormuz.