Saudi Arabia sells nearly 100 million barrels of crude oil to Asia to ease supply shortages

(1) Since mid-last week, Saudi Arabia has sold nearly 100 million barrels of crude oil to Asian buyers, helping to avert an imminent supply shortage in the region. (2) This batch of crude oil will be transported through the Strait of Hormuz to buyers, including refiners in India, Japan, and South Korea. (3) Following the September 10 attack on the East-West Pipeline, it has not fully resumed operation; Saudi Aramco has proactively taken charge of logistics, ensuring the entire delivery of crude oil to its Asian customers.