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Saudi Aramco to Supply Full November Volumes to N Asia

OIL

Saudi Aramco has notified at least four North Asian buyers that it will supply full contractual volumes of crude oil in November, sources with knowledge told Reuters.

  • "The supply and demand for Saudi oil seem stable at this moment, despite the high prices," said one of the people.
  • Saudi Aramco raised the price of its flagship Arab Light crude to Asian customers in November for a fifth month to its highest level this year. Aramco set the OSP of Arab light crude at a premium of 4/bbl for November sales to Asia, up by 40c/bbl on the month.

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