Aramco Poised to Resume Oil Exports at Red Sea Port

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Saudi Arabian oil giant Aramco has given assurances that oil shipments from its port of Yanbu on the Red Sea could resume to some refineries in Asia.

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State-owned oil company Saudi Aramco has informally notified several Asian oil refiners that they will soon be able to pick up oil deliveries from the Red Sea port of Yanbu, Bloomberg News reports, citing traders with knowledge of the matter.

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At least three refineries received unofficial assurances.