Asian countries buy instant Saudi oil shipments

The article highlighted the purchase of several Asian refineries of immediate shipments of Saudi oil for November, aimed at boosting exports and reducing the risks surrounding the Strait of Hormuz. Chinese refining companies and independent brokers acquired approximately 12 million barrels at prices that included a premium of nearly $20 per barrel over official prices. It also pointed out that the Kingdom maintained its export quotas through its ports in Yanbu and Sidi Kerir, and increased Saudi oil exports in September to their highest level in seven months, as it continues to promote oil flows despite regional tensions.

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