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Saudi Allocate Full Volumes to At Least Five Asian Refiners

OIL

Saudi Aramco have allocated full contractual crude volumes for May to at least five Asian refiners, according to Bloomberg sources.

  • One North Asian refiner requested less volume m/m saying spot cargoes are more cost effective.
  • Last week Saudi Aramco raised the official selling prices for most grades to Asian customers. Saudi Arabia OSP raised the official selling price for Arab Light crude for Asia for the second consecutive month by $0.3/bbl to $2.0/bbl above the Oman/Dubai average.

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