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Saudi Aramco reduced crude oil exports to Asia in April due to Strait of Hormuz tensions, cutting supplies and raising market volatility.
Saudi Aramco has cut crude oil supplies to Asian buyers for the second straight month in April, restricting shipments to only Arab Light crude from its Yanbu port on the Red Sea amid ongoing disruptions in the Strait of Hormuz linked to regional tensions.
The move limits refining output in Asia, with March exports falling to 4.355 million barrels per day from 7.108 million in February, despite record loadings at Yanbu.
A drone strike briefly disrupted the SAMREF refinery, adding to supply chain concerns.
The company is rerouting exports via Yanbu to offset risks, but logistical constraints are creating feedstock mismatches and increasing market volatility.
Saudi Aramco redujo las exportaciones de petróleo crudo a Asia en abril debido a las tensiones en el Estrecho de Ormuz, reduciendo el suministro y aumentando la volatilidad del mercado.