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Asian refiners, awaiting word on Saudi shipments, expect tighter supply
NEW DELHI/SINGAPORE: Asian refiners are bracing for tighter supply of sour crude as they await guidance from Saudi Arabia on exports via the Red Sea after attacks on the East-West Pipeline, industry sources said on Monday. Saudi Arabia shut the pipeline after it came under attack on Friday. The shutdown helped push up oil prices by 3% on Monday. Saudi Arabia has not said how long repairs may take and Saudi Aramco has not provided updates on supply allocations or shipment schedules, sources at several Asian refineries said. One source said they had been notified that loading will be delayed, bu...
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