Saudi Arabia has sold about 60 million barrels of crude from its Gulf port of Ras Tanura for loading via ship-to-ship transfer at the Omani port of Sohar this month and next, Reuters has reported, quoting multiple trade sources. The partial rebound in state oil company Saudi Aramco’s exports from within the Gulf has cooled global oil prices, raising hopes it could make up for some of the volume lost at its Red Sea port of Yanbu, where exports slowed after the East-West pipeline was attacked.
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