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Market Chatter: Saudi Aramco Boosts Oman Crude Loadings to Asian Refiners After East-West Pipeline Attacked

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Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, is offering Arab light, medium, and heavy grade crude to Asian refiners for loading at Oman's Sohar port following drone-led damage to its main pipeline to the Red Sea, Reuters reported Wednesday, citing people familiar with the matter.

The Saudi energy group also increased crude loadings from its Ras Tanura ​and Juaymah terminals in the Gulf to about two very large crude carriers per day, or 4 million barrels per day, over the past week, the report noted, citing satellite tracking data.

The higher volumes come as other Gulf producers increase crude loadings outside the Strait of Hormuz after ⁠securing vessels to shuttle supplies through the waterway, the report said.

Aramco did not immediately respond to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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