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Saudi Aramco weighs new pricing structure for Sidi Kerir cargoes bound for Asia

7/28/2026

A freight-cost recalibration is in focus for Saudi Aramco (2222.SE), which is considering a new oil pricing structure for barrels loading at Egypt's Sidi Kerir terminal and heading to Asian buyers.

The proposed change would account for higher freight costs tied to that specific loading point. No revised formula, effective date, or adjustment magnitude has been attributed.

The freight variable Freight runs as a cost component beneath every crude pricing formula, and the gap between loading-point economics and destination economics shapes what refiners pay once a cargo arrives.

Saudi Aramco's consideration, as reported, points to a gap in how the current structure prices that freight burden on Asia-bound shipments from Sidi Kerir.

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