Saudi Arabia to supply full Dec crude volumes to three North Asian refiners
SINGAPORE/TOKYO (Reuters) — Saudi Arabia, the world’s top oil exporter, will supply full contractual volumes of crude to three North Asian refiners in December, three sources with direct knowledge of the matter said on Thursday.
It was not immediately clear if state oil company Saudi Aramco would keep supplies steady to other buyers in the region as some are yet to receive their allocations for the month, the trade sources said.
Last week, the producer raised December official selling prices for crude cargoes to Asia to multi-year highs on robust demand from the region.
Last month, Saudi Aramco trimmed supplies to at least three Japanese buyers and one in South Korea by up to 10% across different Saudi crude grades for November loading as maintenance at oil fields reduced output.
Reporting by Florence Tan in SINGAPORE and Osamu Tsukimori in TOKYO; Editing by Joseph Radford and Christian Schmollinger
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