Gulf Oil and Gas accountACCOUNT

Saudi Arabia to Supply Full Jan Crude Volumes to Several Asian Buyers

Source: Reuters 12/11/2017, Location: Middle East

Share |
Saudi Arabia, the world’s top oil exporter, will supply full contractual volumes of crude to five North Asian refiners in January, unchanged from the previous month, five sources with direct knowledge of the matter said.

Steady supply of Saudi oil to Asia will help meet robust demand in the region, with flows from places such as Europe and the United States slowing.

State oil company Saudi Aramco last week raised prices for all crude oil grades to Asia in January, in line with strong demand. The premium for flagship Arab Light crude was at its highest since September, 2014, Reuters data showed.

The OPEC producer supplied full contractual volumes of crude to at least three North Asian refiners for December loading. But it trimmed supplies to at least three Japanese buyers and one in South Korea by up to 10 percent across different Saudi crude grades for November loading as maintenance at oilfields reduced output.

At least one North Asian refiner had not received its monthly allocation yet, a source familiar with the matter said, but added that Saudi Arabia was seen as willing to meet buyer demands.

All sources declined to be identified as they were not authorised to speak with media.

Oil News in Saudi Arabia >>

Oman >>  1/11/2018 - Jacobs Engineering Group Inc. (JEC) has been selected by BP to provide engineering, procurement and construction management (EPCM) services for the Ph...
United Arab Emirates >>  1/9/2018 - The Abu Dhabi National Oil Company (ADNOC) awarded the two Front End Engineering Design (FEED) contracts for ADNOC’s planned offshore ultra-sour gas m...

Kuwait >>  1/8/2018 - SOCO International plc notes the recent press speculation regarding a possible transaction with Kuwait Energy plc. SOCO confirms that, in the context ...
Qatar >>  12/20/2017 - Qatargas Operating Company Limited (Qatargas) announced the signing of a new Sale and Purchase Agreement (SPA) with OMV Gas Marketing & Trading GmbH (...

Related Categories: Coal  Electricity  General  Natural Gas  Oil 

Related Articles: Coal  Electricity  General  Natural Gas  Oil 


Saudi Arabia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 |

More News

 

Oil & Gas Companies in Saudi Arabia >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.