Asian refiners urged to avoid the Red Sea and receive Saudi crude at Egyptian ports
2026-08-17 14:39:11
According to CoinMeta, Asian refiners have refused Saudi Aramco's requests to pick up cargo at the port of Yanbu in the Red Sea due to difficulties in finding ships willing to navigate through the dangerous Red Sea routes. Informed traders revealed that at least two Asian refineries have inquired with Saudi Aramco whether it is possible to receive the purchased crude oil from near the port of Sidi Kerir in Egypt, which is located on the Mediterranean coast. These shipments were originally scheduled to be picked up in September under long-term contracts with Saudi Aramco. However, at least one of the refineries may choose to forgo its monthly quota due to the higher transportation costs of detouring around Africa to Asia via Sidi Kerir. Before Saudi Aramco announced its sales arrangements for September, some of the Saudi crude oil had already been rerouted to Sidi Kerir. Traders stated that as part of next month's quotas, Saudi Aramco is requiring refineries in Japan and South Korea to pick up cargo from Egyptian ports, while most refineries in countries such as India are still required to pick up cargo from Yanbu.
Source:Jin10 Data
This content is for market information only and does not constitute investment advice.
Follow HQYC official accounts to stay updated

Hot Articles
Refresh

'No longer a distant place': F2Pool Co-founder Chun Wang joins SpaceX's 2-year mission to Mars
05-22 18:25

Polymarket Targets Japan Approval Despite Gambling Laws
05-22 18:00

ZachXBT flags suspected exploit involving Polymarket's UMA adapter contract on Polygon
05-22 17:57

ZachXBT flags $520K Polymarket exploit on Polygon, team says funds are safe
05-22 17:24

Verus bridge exploiter returns 4,052 ETH, retains $2.8 million bounty: onchain analyst
05-22 17:24



