Gulf of Oman Ship-to-ship Oil Transfers Reach Limit as Saudi Exports Surge

AI Summary

Ship-to-ship oil transfers in the Gulf of Oman, near the Strait of Hormuz, have reached capacity following an increase in Saudi oil exports. The diversion of Saudi shipments from the Red Sea has contributed to the surge in Gulf shipments.

Ship-to-ship transfers in the Gulf of Oman for Middle Eastern oil from inside the Strait of Hormuz have reached their limits after Saudi Arabia diverted exports from the Red Sea, adding to shipments from other producers, trade sources and analysts said.