- Companies
- Saudi Aramco has sold at least 4 million barrels of crude loading outside the Strait of Hormuz to two Chinese refiners, trade sources said on Thursday.
- The world’s top oil exporter offered on Monday Arab Medium and Arab Heavy crude cargoes for loading via ship-to-ship (STS) transfers off Fujairah in the United Arab Emirates through private negotiations with some Asian refiners.
- PetroChina and Sinochem each bought 2 million barrels of the heavier Saudi grades at premiums, the sources said.
- Saudi Aramco resumed oil loading from inside the Strait of Hormuz last week and has more tankers waiting to load.
- The companies typically do not comment on commercial deals.
Reporting by Florence Tan, Siyi Liu and Nidhi Verma; Editing by Kirsten Donovan
DATE . 21 / Aug/2026