Saudi Aramco to Supply Extra Crude Oil to Asian Buyers
One of the buyers will receive more Arab Light crude, one of the sources said.
By Anil
Mathews
OILMONSTER.COM- Saudi Aramco will supply additional crude to at least two Asian buyers in October after they asked for more supplies, three sources familiar with the matter said on Tuesday.
Saudi Arabia, the world’s top crude oil exporter, and other producers from the Middle East and Russia have increased exports after a June meeting where they agreed to raise output by 1 million barrels per day. The rise in supply will replace falling exports from Venezuela and Iran.
One of the buyers will receive more Arab Light crude, one of the sources said.
Courtesy: www.reuters.com
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