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Saudi Allocate Full Crude to Four European Refiners for April

OIL

Saudi Aramco have allocated full crude volumes for April as requested by at least four European refiners, according to Bloomberg sources.

  • Three refiners requested full contractual volumes, while one refinery requested extra supplies.
  • Last week Saudi Aramco cut its April OSPs to northwest Europe and the Mediterranean by 60-70ct/bbl.
  • Saudi Aramco is planning to supply full contractual crude oil volumes to most Asian buyers in April, but the producer will reduce supply of heavier grades to Asian customers due to oilfield maintenance, sources told Reuters.

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