Riyadh – Mubasher: Saudi Arabia plans to supply two refiners in Asia with full contractual volumes of crude oil in June, two sources have said on Thursday.
The world’s top oil exporter would trim Arab Heavy crude exports during June, whereas it will raise the volume of Arab Light grade in an effort to meet its contractual commitments, Reuters reported, citing the sources as saying.
“Saudi Arabia was likely reducing heavy crude supplies to help meet a rise in its own crude oil demand for power generation during summer, traders said,” the sources told the news agency.
