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Saudi Aramco is considering offering discounts on crude loaded off Oman to offset record-high shipping costs and regain market share lost amid disruptions to tanker traffic through the Strait of Hormuz, according to Reuters.
โซAramco is discussing discounts with Asian refiners for cargoes loading in the second half of October and transferred ship-to-ship off Oman. One source said a discount of around $9 per barrel is under consideration.
โซIn recent weeks, Aramco has sold Oman-loaded crude at premiums of $10โ$20 per barrel above its monthly official selling prices as Saudi Arabia seeks alternative export routes outside the Strait of Hormuz.
TabZ
๐ฅ@theAxisofTruth
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