66297
Saudis to Limit July Crude Volumes
Saudis to Limit July Crude Volumes

Saudis to Limit July Crude Volumes

Saudis to Limit July Crude Volumes

Saudi Arabia, the world's top oil exporter, will limit volumes of crude to some Asian buyers in July and deepen cuts in allocations to the United States, industry sources with knowledge of the matter said on Monday. State-run oil firm Saudi Aramco would supply full contracted crude volumes to at least five Asian buyers mainly in North Asia and lower volumes for some customers in India, China and South Korea, the sources told Reuters on condition of anonymity. Cuts in crude allocations to Asia in July would be slightly deeper than in June, the sources said. Aramco notified Asian refiners last month that it would reduce oil supplies to Asia by about 7 million barrels in June, its first cuts for that region since OPEC-led output reductions took effect in January. Elsewhere, crude allocations to the US have been lowered significantly but Aramco kept volumes steady to Europe compared to June, two sources said.

 

Short URL : https://goo.gl/lzIgc2
  1. https://goo.gl/udTfdH
  • https://goo.gl/cdFdvy
  • https://goo.gl/qa1XfI
  • https://goo.gl/a4VG4g
  • https://goo.gl/RAZBr5

You can also read ...

China Shifts to Iranian Tankers to Keep Oil Flowing
Chinese buyers of Iranian oil are starting to shift their...
Replacement of France's Total Underway
Oil Minister Bijan Namdar Zanganeh said on Monday France’s...
Greek Island to Run on Wind and Solar Power
When the blades of its 800-kilowatt wind turbine start turning...
Large Oil Vessel Anchors in Chabahar
A large crude carrier with a capacity of 50 million liters of...
Vopak: More Volatility Expected in Oil Prices
A shipping revolution and a US plan to impose targeted crude...
Advantages, Challenges of Renewables Outlined
Saving water, creating sustainable jobs, curbing air pollution...
Plans to Expand Gas Pipelines by 1,000 Km 
Iranian Gas Engineering and Development Company plans to lay...
SP Oil Layer Loads 19th Cargo
The 19th batch of crude oil from South Pars Oil Layer in the...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus