UNITED STATES – Brent crude futures settled at a three-week high of USD 91.02 per barrel today, boosted by continuous Middle Eastern refinery disruptions and maritime transport blockades near the Strait of Hormuz. As physical export channels become increasingly constrained, major energy companies, notably Saudi Aramco, are transferring export logistics to off-coast ship-to-ship (STS) transfers near Fujairah to meet supply commitments.
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(Source: The Star)
