Aramco offers more oil outside Hormuz with some cargoes heading to China

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Saudi Aramco has offered more oil for loading outside the Strait of Hormuz in September, four sources with knowledge of the matter said on Wednesday, after the producer sold at least 4 million barrels to China this month, Reuters reports.

Shipping data indicates that Aramco has resorted to shuttling cargoes aboard tankers with their trackers switched off to evade attacks during transit through the strait, which was used by a fifth of the world’s oil and gas before the US- Iran war broke out on February 28.

The offers come after two supertankers carrying 4 million barrels of Saudi crude were bound for China after loading the cargoes via STS transfers off Sohar, shipping data from Vortexa and Kpler showed.

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