You are here: Home » International » News » Markets
Business Standard

Saudi to limit July oil volumes to Asia, slash US volumes: Reports

Aramco notified Asian refiners that it would reduce oil supplies to Asia by 7 mn barrels in June

Reuters  |  Dubai | Singapore 

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 ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, June 12 2017. 17:27 IST
RECOMMENDED FOR YOU