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Saudis in Talks to Formalize Hormuz Shuttles in Fight for Market
By Mukesh Sahdev Visit author profile
Changes in Saudi long term contracts coming. The main mode for flows - Deliver crude outside Hormuz for buyers to pick-up. This is the 'shuttle trade'. Possible options choice of pricing benchmarks-price long-term, contractual purchases against Brent futures instead of the Dubai…
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