Saudi Arabia supplies oil in the spot market
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Golden Ten Data reported on March 9 that, according to foreign media, Saudi Aramco has offered spot crude oil supplies through a series of rare tenders, as the effective closure of the Strait of Hormuz has forced cargoes to be rerouted via the Red Sea. According to informed traders, the company recently offered three grades of crude oil—Arab Super Light, Arab Heavy, and Arab Light—totaling approximately 4.6 million barrels.
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