Story perspectives

Saudi Aramco Resumes Ras Tanura and Juaymah Loading

8/19/2026

Summary

Story summary

Saudi Aramco resumed loading crude at Ras Tanura and Juaymah terminals from August 12-16, ending the pause.
Malaysia Prosperity, Algeria Prosperity and Singapore Prosperity each loaded 2 million barrels.
Saudi Aramco offered Arab Medium and Arab Heavy crude for ship-to-ship transfers off Fujairah and Sohar.
U.S. Energy Secretary Chris Wright said 9 million barrels per day still flow through the Strait of Hormuz, with 5-7 million via upgraded pipelines.

History

Historical Context

In October 1973 OAPEC, led by Saudi Arabia, announced an oil embargo against the United States and other Israel supporters, cutting production by 5 % and reducing Middle-East exports to the West by about 60 %. The shock pushed oil prices up nearly 300 % by March 1974 and spurred route diversification and stockpiling, a legacy seen today in Aramco’s loading at Ras Tanura and ship-to-ship transfers off Fujairah.

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Story summary

Saudi Aramco resumed loading crude at Ras Tanura and Juaymah terminals from August 12-16, ending the pause.
Malaysia Prosperity, Algeria Prosperity and Singapore Prosperity each loaded 2 million barrels.
Saudi Aramco offered Arab Medium and Arab Heavy crude for ship-to-ship transfers off Fujairah and Sohar.
U.S. Energy Secretary Chris Wright said 9 million barrels per day still flow through the Strait of Hormuz, with 5-7 million via upgraded pipelines.

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