World & BusinessSaudi Arabia has reportedly sold almost 100 million barrels of crude to Asian buyers
The Economic Times reports that buyers include refiners in India and China, as the Iran war disrupts regional oil flows and alternative supplies face pressure.
TLDR
Saudi Arabia has sold almost 100 million barrels of crude to Asian buyers, helping ease supply concerns amid the Iran war, The Economic Times reports. The outlet says Iranian crude supplies are drying up, Russian oil faces political risks and damage to Saudi Arabia’s East-West pipeline is pushing more exports through Hormuz.
Saudi Arabia has reportedly sold almost 100 million barrels of crude to Asian buyers
The Economic Times reports that buyers include refiners in India and China, as the Iran war disrupts regional oil flows and alternative supplies face pressure.