Saudi Aramco resumed oil loading on Friday at its Ras Tanura terminal in the Gulf after a near four-month halt, shipping data from LSEG showed.Two Very Large Crude Carriers were seen loading crude at the terminal, while another waited nearby, the data showed. Each VLCC is capable of loading 2 million barrels of oil.Saudi Aramco could not be immediately reached for comment outside office hours.The Saudi energy major last loaded a cargo from the Ras Tanura port for China on March 8, the data showed, and had to divert all its exports to the Red Sea port of Yanbu after an Iranian blockade of the Strait of Hormuz during its war with the U.S. and Israel prevented ships from entering the Gulf.Middle Eastern producers have been ramping up output and exports after the United States and Iran struck an interim deal to halt the war.
Saudi Aramco resumes oil loading at Ras Tanura after four-month halt, data shows
Saudi Aramco has restarted oil loading at its Ras Tanura terminal after a four-month pause, with two massive crude carriers seen taking on cargo. This resumption follows an interim deal between the US and Iran, which has eased tensions and allowed for increased output and exports from Middle Eastern producers. Previously, the terminal's operations were rerouted due to a blockade impacting the Strait of Hormuz.
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