Middle East producers have asked Asian refiners to submit crude loading programs
for April and May, anticipating a potential reopening of the Strait of Hormuz
following a US-Iran ceasefire. About 20% of global oil and LNG flows through the
route, though no blockade has been lifted. Saudi Aramco requested May cargo
nominations from Yanbu and Ras Tanura, contingent on resumed transit, while
Kuwait Petroleum Corp issued April loading schedules, with shipments dependent
on buyers’ ability to lift cargoes.
