Saudi Aramco Considers New Asia Crude Pricing Formula to Reflect Red Sea Detour Costs
2026-07-28 04:09:14
Three people familiar with the matter said on Tuesday that Saudi Aramco is considering a new pricing mechanism for crude loaded at Egypt's Sidi Kerir port and shipped to Asia to reflect higher transport costs from longer voyages caused by Red Sea export diversions. According to Jin10, Saudi Aramco had not immediately responded.
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