Saudi Aramco ramps up Hormuz exports to 60 million barrels in coming months

Saudi Aramco is set to boost crude oil exports from the Strait of Hormuz to 60 million barrels during September and October, according to traders monitoring the Arabian Gulf market. The increased shipments come as refiners across Asia vie for available supplies in the spot market.

Refiners in China and South Korea are expected to be among the primary buyers of these spot volumes, capitalizing on the elevated export availability. The supply boost will also benefit refiners in India and Japan, which are positioned to secure additional allocations as Aramco ramps up its export programme through the critical shipping chokepoint.

The increase in exports reflects broader market dynamics in the Asia-Pacific region, where energy-intensive economies continue to rely on crude imports from the Middle East. Spot market purchases offer refiners flexibility in meeting fluctuating demand, particularly as seasonal factors influence refining activity across the region.

The Strait of Hormuz remains one of the world's most strategically important oil transit routes, with geopolitical considerations continuing to influence supply strategies for major producers like Saudi Arabia. The planned export elevation underscores sustained demand from major Asian consumers despite global economic headwinds.