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Aramco offers more crude oil cargoes from Mediterranean amid Red Sea threats, sources say
23 Jul, 2026 / 05:09 PM / ARAMCO

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Reuters: LONDON, July 23 - Saudi Aramco has offered additional crude cargoes for loading from Egypt's Mediterranean ‌port of Sidi Kerir, according to five trading sources, signalling a potential shift in export routes as Houthi threats ⁠to shipping raise risks for oil movements through the Red Sea and the Bab el-Mandeb strait.

The cargoes are being offered on a spot basis, two of the sources said, supplementing supplies ‌to ⁠Aramco's term buyers. While Aramco already supplies some customers in Europe and North America from Sidi Kerir, ⁠the additional volumes suggest the Saudi producer is seeking greater flexibility in ⁠reaching its markets as security risks persist along the ⁠Red Sea route.