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Saudi Aramco shifts Red Sea oil transit route to Ain Sokhna amid Houthi threats
Capital.grLO·SA · EG·2 days ago
Saudi Aramco is considering new pricing structures for crude shipments originating from Egypt's Sidi Kerir terminal to Asia to compensate for increased transit costs caused by Houthi-led maritime disruptions. This shift reflects the ongoing impact of regional security risks on global supply chains and the necessity for producers to maintain market share in Asia despite logistical headwinds.
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