Asia buyers receive full volumes of October Saudi crude

Several Asia-Pacific refiners have nominated contractual volumes of October-loading term crude from Saudi Arabia’s state-controlled Saudi Aramco and will receive what they requested.

Five refiners in Asia-Pacific said they will receive their full allocations of October-loading Saudi crude from Aramco. They added that they had requested normal contractual crude volumes for October loading, after Aramco slashed the official October formula prices for its crude exports to the region to their lowest levels in four months.

Saudi Arabia had reduced allocations for refiners in Asia-Pacific in recent months, while some term buyers had also nominated lower volumes for September-loading crude last month […]

Source: www.argusmedia.com

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