Saudi Aramco to Maintain Asian Oil Supply Levels
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Tuesday, 14 October 2008 |
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Saudi Aramco will maintain crude supplies in November to customers in
Asia at levels agreed under annual contracts, refinery officials said.
The Dhahran, Saudi Arabia-based producer will supply full volumes of crude oil to Asia next month, unchanged from October, said three refinery officials who had received notices from the company.
Saudi Arabia supplies crudes of different quality, with the Arab Light grade fetching about $4.35 a barrel more than Arab Heavy for November sales to Asia. Heavier crudes yield lower- value products. Aramco typically tells customers in the first half of the month how much oil they will receive in the following month.
PetorlWorld 131008
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