Article
Saudis Signal Red Sea Oil Loadings Could Soon Resume For Asian Buyers
Saudis Signal Red Sea Oil Loadings Could Soon Resume For Asian Buyers
Bloomberg reports Saudi Aramco may restart crude loadings at Yanbu this week, raising hopes that the critical East-West pipeline route, which bypasses the Strait of Hormuz, could resume operations at half capacity after a drone attack disabled it.
While no restart timeline has been confirmed, the overnight development adds to positive signs of progress toward resolving the global energy crisis after Brent slipped below $100 a barrel on reports that Iran offered to reopen the strait in exchange for...
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