LONDON (Dow Jones)–Saudi Arabia’s state shipping company, Vela, is set to ship more oil to the U.S. this month, after a flurry of activity in March caught the attention of market participants, shipbrokers told Dow Jones Newswires Thursday.
Vela has chartered at least three supertankers, capable of carrying around 6 million barrels of oil, to ship crude to the U.S. later this month, shipping fixtures show.
“They definitely are having a more active program going west,” a shipbroker said.
In mid-March the Saudi shipping company chartered 11 ships to carry oil to the U.S. Gulf, in part to feed the expansion of a Gulf Coast refinery co-owned by Saudi Arabia’s national oil company, a person familiar with the matter said.
-By Sarah Kent, Dow Jones Newswires
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emen's Iran-aligned Houthis said on Tuesday they had hit Saudi Arabia's Ras Tanura oil refinery, the ?biggest in the kingdom, with a ballistic missile.
The Houthi attacks on Saudi Arabia are about more than Yemen.
Yemen's Houthis vowed on Wednesday to press on with attacks on airports and oil facilities in Saudi Arabia, a day after a strike that sources said caused extensive damage to the headquarters of oil giant Saudi Aramco2223.SE.
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