Saudi Oil Surge Pushes Gulf of Oman Transfers to Capacity

Gulf of Oman ship-to-ship oil transfers reach limit as Saudi exports surge

Saudi crude exports via Hormuz were on track to rebound to 3.6 million barrels per day (bpd) in September, up ‌from ⁠about 900,000 bpd in August, data from analytics firm Kpler showed

Saudi Oil Surge Pushes Gulf of Oman Transfers to Capacity

Ship-to-ship transfers in the Gulf of Oman for Middle Eastern oil from inside the Strait of Hormuz have reached their limits after Saudi Arabia diverted exports from the Red Sea, adding to shipments from other producers, trade sources and analysts…

VLCC Rates Hit Record $1.27 Million a Day as Oman Transfer Capacity Maxes Out

Capacity for ship-to-ship transfers of crude oil off the coast of Oman has reached its limits after Saudi Arabia diverted its flows from the port of Yanbu amid Houthi attacks, Reuters has reported, citing unnamed trading sources and analysts. The report said Saudi Arabia has sold some 60 million barrels of crude, to be shipped from the Gulf of Oman after being transferred from smaller carriers to supertankers, for delivery this month and in Octo…

VLCC traffic jam builds as Oman ship-to-ship transfer zone hits capacity

Diversion of Red Sea exports is creating a pile-up of tonnage outside Strait of Hormuz

VLCC Rates Hit Record $1.27 Million a Day as Oman Capacity Tightens

Saudi Arabia’s rerouting of crude through the Strait of Hormuz has increased tanker demand and pushed ship-to-ship transfers near Sohar toward capacity limits.