Saudi tankers will change the route in the event of a US ban on oil imports

US, WASHINGTON (ORDO NEWS) — While oil tankers belonging to Saudi Arabia are heading to the United States, kingdom authorities are exploring the possibility of redirecting them if U.S. President Donald Trump decides to limit oil imports from this Middle Eastern country, Reuters reported.

According to agency sources, 19 supertankers, each of which is capable of transporting 2 million barrels of oil, should arrive in the United States in the coming weeks. Three more tankers, also chartered by Saudi Arabia, are currently anchored outside of US ports.

United States Secretary of Energy Dan Bruyett said Tuesday that Trump is considering various options to support the country’s oil and gas sector, including a ban on oil imports from Saudi Arabia.

Texas-based oil senator Ted Cruz said on Twitter on Tuesday: “My message to the Saudis: Turn the tankers to hell.”

According to the US Energy Information Administration (EIA), about half of all Saudi oil imports are on the US west coast. According to the agency, on April 17, the warehouse was already 66% full.

Oil traders in Europe and Asia, whose opinion also cites Reuters, expect the Saudis to try to redirect tankers to other markets, which will put enormous pressure on storage tanks in these two regions.

Washington considers the preservation of US energy independence a paramount task . On Wednesday, April 22, reports Argus Media, citing US Treasury Secretary Stephen Mnuchin.

Earlier, on April 22, the American leader said that in order to stabilize the situation on the oil market, it is necessary to resume the country’s economic activity.

Last Monday, the price of WTI American oil plummeted. First, the price reached the level of April 1, 1986 – $ 10 per barrel, and then for the first time in history fell below $ 8 and continued to fall.

As a result, the price of WTI oil dropped to $ 0, and after that it became negative . In the low of trading, the May WTI futures price amounted to minus $ 40.32 per barrel.

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