Middle East producers have asked Asian refiners to submit crude loading programs for April and May, anticipating a potential reopening of the Strait of Hormuz following a US-Iran ceasefire. About 20% of global oil and LNG flows through the route, though no blockade has been lifted. Saudi Aramco requested May cargo nominations from Yanbu and Ras Tanura, contingent on resumed transit, while Kuwait Petroleum Corp issued April loading schedules, with shipments dependent on buyers’ ability to lift ca

Middle East producers have asked Asian refiners to submit crude loading programs for April and May, anticipating a potential reopening of the Strait of Hormuz following a US-Iran ceasefire. About 20% of global oil and LNG flows through the route, though no blockade has been lifted. Saudi Aramco requested May cargo nominations from Yanbu and Ras Tanura, contingent on resumed transit, while Kuwait Petroleum Corp issued April loading schedules, with shipments dependent on buyers’ ability to lift cargoes.