Saudi Aramco cuts Asian crude supplies for second consecutive month. The world's largest oil exporter has reduced shipments to Asian refineries in April following Strait of Hormuz disruptions caused by US-Israeli conflict with Iran. Saudi crude exports fell sharply to 4.355 million barrels per day in March from 7.108 million in February. The company is redirecting supplies through the Red Sea port of Yanbu, with loadings expected to reach record volumes. Only Arab Light crude is being supplied to term customers in April, keeping Asian refinery supplies tight and constraining refined product output. China's Sinopec is loading approximately 24 million barrels from Yanbu in March. Recent drone strikes briefly disrupted Yanbu operations, highlighting ongoing geopolitical risks affecting global energy markets and crude availability.
