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Business & Finance

Aramco Mulls New Oil Pricing for Asia as Houthis Threaten Flows

Bloomberg Markets Wednesday 29 July 2026, 09:51 UTC By Yongchang Chin, Rong Wei Neo and Rakesh Sharma 1 min read
Key Points

Commodities Aramco Mulls New Oil Pricing for Asia as Houthis Threaten Flows Saudi Aramco is preparing a new selling price for oil loaded at Egypt’s Mediterranean port of Sidi Kerir for delivery to Asia after attacks by Iran-backed Houthi militants elevated risks in the Red Sea. The producer has informed at least two Chinese refiners that it may introduce a separate official selling price for oil shipped from Sidi Kerir, the traders said, asking not to be named as they’re not allowed to speak...

Commodities Aramco Mulls New Oil Pricing for Asia as Houthis Threaten Flows Saudi Aramco is preparing a new selling price for oil loaded at Egypt’s Mediterranean port of Sidi Kerir for delivery to Asia after attacks by Iran-backed Houthi militants elevated risks in the Red Sea. The producer has informed at least two Chinese refiners that it may introduce a separate official selling price for oil shipped from Sidi Kerir, the traders said, asking not to be named as they’re not allowed to speak to the media.
Aramco Mulls New Oil Pricing for Asia (ORG) Asia (LOCATION) Egypt (LOCATION) Mediterranean (LOCATION) Sidi Kerir (LOCATION) Iran (LOCATION) Houthi (ORG) the Red Sea (LOCATION) Chinese (ORG)
Originally published by Bloomberg Markets Read original →

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