Saudi oil behemoth Aramco has restarted crude oil loading operations on Friday at the Ras Tanura terminal. Located west of the Strait of Hormuz, the facility had been completely inactive for a duration of nearly four months.
This development marks a significant move as the company joins a broader surge in logistics activity. The restart comes as Middle Eastern energy producers have accelerated their oil and gas output levels and increased export volumes in anticipation of an interim agreement.
