Saudi Aramco to Supply Full Oil Volumes to Asia in Sept - Sources
08.14.2023 By - NEWS

August 14, 2023 [Reuters] – Saudi Aramco has informed customers in North Asia that they will receive the full volumes of crude oil they requested for September, multiple sources said on Friday, even as the unilateral voluntary output cut by the kingdom has been extended.


The world’s top oil exporter announced last week that it would prolong the 1 million barrels-per-day (bpd) production reduction by another month to September, and said the cut could be extended beyond that or even deepened.

Saudi Aramco CEO Amin Nasser on Monday said that the company’s supplies to customers remain adequate.

Chinese refiners did not request lower supply volumes for September-loading cargoes despite higher official selling prices (OSPs) set by Saudi Aramco, according to three trading sources.

They estimated some 50 million to 52 million barrels of Saudi crude to be taken by Chinese buyers, much higher than about 38 million barrels in August.

Some Chinese refiners have asked for less supply from Saudi Aramco over the past three months due to high oil prices, and have increased procurement from the Americas and West Africa.

Pro Trial: Access 12,600 Tank Terminal and Production Facilities

12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

The Petromidia Refinery is Looking for a Partner for the Construction of a Green Hydrogen Plant
05.24.2024 - NEWS
May 24, 2024 [Energy World]- Rompetrol Rafinare Constan╚Ťa, the company part of the KMG Internati... Read More
Saudi Aramco Interested in Buying Minority Stake in Repsol's Renewable Unit, Expansion Reports
05.24.2024 - NEWS
May 24, 2024 [Reuters]- State-controlled oil company Saudi Aramco is interested in buying a minor... Read More
Verbio Starts Expansion Work on Second Biorefinery in North America
05.24.2024 - NEWS
May 24, 2024 [Biofuels International]- Verbio has started work on converting its South Bend etha... Read More
TNPA, Mnambithi Terminals to Develop Durban Liquid Bulk Facility
05.24.2024 - NEWS
May 24, 2024 [World Cargo News]- Transnet National Ports Authority (TNPA) has signed a Terminal O... Read More