Saudi Aramco’s Fuel Purchases Reveal the Depth of the Gulf Supply Shock
Read with caution - this story is only being covered by one news source that has a ‘low factuality’ rating, which means the outlet has a history of poor reporting practices. Learn more about factuality ratings here.3 Articles
3 Articles
Bloomberg:. Saudi Aramco is seeking to secure thousands of tons of diesel fuel from the Mediterranean, as its supplies have been affected by a series of attacks targeting its energy facilities in recent weeks
Bloomberg:Saudi Aramco is seeking to secure thousands of tons of diesel fuel from the Mediterranean, as its supplies have been affected by a series of attacks targeting its energy facilities in recent weeks
Saudi Arabia, the world’s largest crude exporter, is turning to the Mediterranean and European markets for fuel supplies as successive strikes on its energy infrastructure disrupt its domestic supply chain. According to Bloomberg, Saudi Aramco is looking for thousands of tons of diesel in the Mediterranean, while also considering buying gasoline cargoes from Europe. Brokers who follow the trades say Aramco has been bidding for diesel cargoes for…
Saudi Aramco’s fuel purchases reveal the depth of the Gulf supply shock
Saudi Aramco is the largest oil company in the world, sits on the largest conventional reserves, and operates refineries in Saudi Arabia, China, South Korea, Japan and the United States. It has spent this year as the single most important supplier holding the global fuel market together. Brokers monitoring the Platts pricing window report that it has been bidding for diesel cargoes in the Mediterranean for several weeks, and traders say it has b…
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
