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Free AccessSaudi Aramco to Supply Full Volumes to Some Asian Buyers July: Reuters Sources
Saudi Aramco has told at least five customers in North Asia they will receive full nominated volumes of crude oil in July according to Reuters sources.
- Some Chinese state-owned refiners have requested lower supply in July, according to three of the sources.
- Saudi raised it’s OSP’s for all grades to Asia for July loading cargoes.
- Chinese imports of Saudi crude is expected to stay around the same as June as other refiners ask for more supply.
- Saudi has pledged to drop its crude production to 9mn bpd in July from around 10mn bpd currently.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.