Producers in the Middle East have asked Asian refiners to submit crude oil loading programmes for April and May in preparation for the eventual resumption of shipping through the Strait of Hormuz…
Producers in the Middle East have asked Asian refiners to submit crude oil loading programmes for April and May in preparation for the eventual resumption of shipping through the Strait of Hormuz, three sources with knowledge of the matter said.
A two-week ceasefire deal between the U.S. and Iran announced on Wednesday lifted hopes for a reopening of the Strait, through which about 20% of global oil and liquefied natural gas (LNG) supplies travelled before the war.
But there has been no sign yet of Tehran lifting its near-total blockade of the critical waterway, which has driven up energy prices sharply.
Top global exporter Saudi Aramco has asked its clients to submit nominations for cargoes loading from the ports of Yanbu and Ras Tanura in May, two of the sources said.
This would be subject to the resumption of exports from the eastern Ras Tanura port, which requires vessels to transit via the Strait of Hormuz, one of them said.
The sources declined to be named because they were not authorised to speak to media.
Aramco told buyers last month they could lift crude in April only from the western Yanbu port in the Red Sea. The producer is sending crude
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