CommoditiesAugust 17 at 02:17 AM

At least 2 Asian refiners have asked Saudi Aramco if they can take their oil cargoes from Egypt's Sidi Kerir port, instead of through Yanbu, Bloomberg reports

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Asian refiners are resisting Saudi Aramco's Yanbu loading requests due to a $5/barrel cost increase and 48-day transit times caused by Red Sea shipping disruptions.

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At least 2 Asian refiners have asked Saudi Aramco if they can take their oil cargoes from Egypt's Sidi Kerir port, instead of through Yanbu, Bloomberg reports

What do investors think?

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