Global Crude Loadings Slump To The Lowest Level Since June 2022
Led by a slump in Saudia Arabia’s exports, global loadings of crude and condensate plunged in August to the lowest level since June 2022.
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Led by a slump in Saudia Arabia’s exports, global loadings of crude and condensate plunged in August to the lowest level since June 2022.
An increasing number of Saudi oil supertankers have been spotted idle off the coast of Egypt, raising concerns, with the most likely cause speculated to be a lack of storage.
A cluster of supertankers loaded with oil that has been idling off Egypt’s Red Sea coast is starting to clear.
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