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Saudi Aramco likely to meet full Asia crude demand for August

This shows how Saudi Arabia, the world's biggest oil exporter, aims to retain market share in Asia

Reuters  |  Singapore/New Delhi 

Saudi Aramco will meet the full August crude oil requirements of its customers in India and Southeast Asia as well as four of its North Asian buyers, several sources with knowledge of the matter said on Tuesday. This shows how Saudi Arabia, the world's biggest oil exporter, aims to retain market share in Asia, the region with the world's strongest demand growth. Saudi Arabia has been cutting exports to Europe and the United States (US) to comply with a production cut deal by the Organisation of the Petroleum Exporting Countries (Opec) and some non-Opec countries such as ...

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First Published: Tue, July 11 2017. 18:19 IST
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