With a Pipeline Bombed and the Red Sea Closing, 60 Million Barrels Found Another Way Out of the Gulf — and Oil Prices Fell.
After attacks curtailed exports through the Red Sea port of Yanbu, Saudi Aramco has sold roughly 60 million barrels from Ras Tanura for loading by ship-to-ship transfer off Oman's Sohar, lifting Gulf exports back to 1-1.5 million barrels a day and sending global futures down more than a dollar on Friday.
Source: Reuters
Read the original story →