The queue of VLCCs waiting outside of Ras Tanura, the world’s largest oil export terminal, has started to shorten as Saudi Arabia taps into its crude inventories to maintain exports.
The 318,900-dwt VLCC Maran Arete (built 2016) became the first vessel to load from Ras Tanura on Tuesday following last weekend’s drone attacks, which had knocked out 5.7m-barrel-per-day (bpd) oil production in Saudi Arabia, according to Kpler.
