Commodities
Saudi Aramco Diversifies Supply Amid Red Sea Security Risks
Saudi Aramco has increased its crude supply through Egypt's Mediterranean port of Sidi Kerir due to rising security threats in the Red Sea.
The company, which supplies crude oil to Europe and North America from Sidi Kerir, has offered additional cargoes on a spot basis to term customers.
This move comes after Yemen-based Houthis vowed to attack Saudi crude exports through the Bab el-Mandeb strait at the southern end of the Red Sea.
Aramco declined to comment on the matter.