Saudi Aramco is reportedly offering increased September crude volumes to Asian buyers through ship-to-ship transfers, as stated by Reuters. This method is being used to maintain the flow of Saudi crude to Asia.
The approach involves moving Saudi crude through a specific part of the journey. Subsequently, the crude is transferred to another tanker off Fujairah, as described in the report.
Shipping data indicated that Saudi barrels were transported through the Strait of Hormuz on tankers with their tracking systems deactivated. This suggests a strategic move to manage crude deliveries.
The reported strategy aims to circumvent potential disruptions in the Strait of Hormuz. This allows Saudi Arabia to continue its crude deliveries to Asian markets without waiting for the strait to return to normal operations.
