Saudi sells Asian buyers full contract volumes despite oil output cuts
Singapore
Saudi Arabia is trying to make sure crude buyers in the world's biggest oil market aren't lured by rivals while it curbs output as promised.
Saudi Arabian Oil Co will sell full volumes of contractual supply for March to Asian refiners, according to people with knowledge of the matter. The state-owned producer, known as Aramco, gave at least one North Asian processor extra volumes of a light crude variety, an official at one of the buyers in the region said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Saudi Arabia plans Aramco share sale as soon as June: sources
Saudi Aramco interested in buying minority stake in Repsol's renewable unit
Tata Power seeks up to US$1 billion loan for clean energy projects
Gold on track for first weekly dip in three as rate-cut bets dwindle
Oil falls for fourth straight session on US inflation jitters
As countries press on with climate targets, critical mineral shortages could scupper efforts: IEA