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Saudi Term Crude Supply to China to Rise in March

OIL

Saudi Aramco will supply more term crude oil for March sales to buyers in China compared to last month according to Bloomberg sources.

  • Saudi will supply nine Chinese customers with approximately 49mbbls for Mar loading compared with 38.5mbbls for Jan.
  • Earlier this week Saudi Arabia announced the OSP of Arab Light to Asia unchanged at a $1.5/bbl premium to Oman/Dubai benchmark and most other grades were also left unchanged.

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