Saudi Aramco plans to adjust Asian crude oil pricing to reflect the cost of Red Sea rerouting

1. According to three informed sources on Tuesday, Saudi Aramco is considering introducing a new pricing mechanism for crude oil loaded at Egypt's Sidi Kerir port and shipped to the Asian market. 2. This move aims to reflect the additional transportation costs caused by significantly longer voyages due to the forced rerouting of Red Sea export routes. So far, Saudi Aramco has not made any official response to this news.