Saudi to keep April oil supplies unchanged for 2 Asian buyers

Riyadh – Mubasher: Saudi Arabia will supply two purchasers in Asia with overall crude oil quantities in April which they had contracted upon them before, with no change from a month earlier, two informed sources said.

Stable crude supplies to Asian buyers came after Saudi Aramco has slashed prices of all grades which it will sell to Asia in April, Reuters reported.

In February, Saudi Minister of Energy, Industry and Mineral Resources Khalid Al-Falih said that oil markets would rebalance, expecting that oil inventories will tumble during 2018.

Mubasher Contribution Time: 12-Mar-2018 07:14 (GMT)
Mubasher Last Update Time: 12-Mar-2018 07:25 (GMT)