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Three European Refiners to Receive Full Crude Volumes from Saudi in Oct

OIL

Saudi Aramco will supply full contractual volumes for October to at least three European refiners according to Bloomberg sources.

  • Last week Saudi Arabia cut the OSPs for all crude grades to European buyers. The Mediterranean and NW European saw a 10c/bbls cut in prices though they remain high historically. Saudi Arabia slightly raised its crude oil October OSPs to customers in Asia and the US.
  • As reported earlier, Saudi Aramco will also supply full contractual crude volumes to at least four customers in Asia for October. Buyers in China are set to receive around 50mbbls for October loadings, in line with September’s allocation of around 52mbbls.
Energy BulletsCommodities
Energy BulletsCommodities

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