Saudi Arabia announced that it has slashed crude supply to at least four north Asian buyers for its April-loading, Reuters reports on Friday, citing refinery sources.
Additional insights
“Chinese refiners received a small cut in their Saudi supply, while the reduction in volumes for Japanese buyers was between 10% and 15%.”
“The Kingdom will meet the normal monthly requirements of Indian refiners.”
“Saudi Aramco is also commissioning its 400,000-bpd Jizan refinery in the southwest of the country which may have reduced its exports.”
more to follow ….
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