Sources say Saudi Arabia increased crude shipments through the Strait of Hormuz in the first 10 days of September versus August and is seeking further expansion. Aramco raised total exports in early September to near 4.0 mln b/d, roughly 1.0 mln b/d via Hormuz and the remainder via Yanbu on the Red Sea; August exports fell to about 3.0 mln b/d, the lowest in at least nine years per Vortexa and Kpler. It is unclear how quickly or by how much Aramco can further raise Hormuz loadings to offset pipe

Sources say Saudi Arabia increased crude shipments through the Strait of Hormuz in the first 10 days of September versus August and is seeking further expansion. Aramco raised total exports in early September to near 4.0 mln b/d, roughly 1.0 mln b/d via Hormuz and the remainder via Yanbu on the Red Sea; August exports fell to about 3.0 mln b/d, the lowest in at least nine years per Vortexa and Kpler. It is unclear how quickly or by how much Aramco can further raise Hormuz loadings to offset pipeline outages, and a tanker shortage is an additional constraint.