Anabelle Colaco
22 Aug 2026, 16:11 GMT+10
RIYADH, Saudi Arabia: Saudi Aramco has sold at least four million barrels of crude to two Chinese refiners for loading outside the Strait of Hormuz, trade sources said.
The world's largest oil exporter offered Arab Medium and Arab Heavy crude cargoes on Monday for loading through ship-to-ship transfers off Fujairah in the United Arab Emirates.
The cargoes were offered through private negotiations with some Asian refiners.
PetroChina and Sinochem each bought two million barrels of the heavier Saudi crude grades at premiums, according to the sources.
Saudi Aramco resumed oil loading from inside the Strait of Hormuz last week and has more tankers waiting to load.
The companies typically do not comment on commercial deals.
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