15-11-2016

Saudi Arabia keeps Dec crude supply to Asia steady

crude

Saudi Arabia, the world’s top crude exporter, will supply full contracted volumes of crude oil to at least two Asian term buyers in December, unchanged from November, industry sources familiar with the matter said on Monday.

The OPEC kingpin, which has supplied full contractual volumes to most Asian buyers since late 2009, did not restrict the buyers’ so-called “operational tolerance” which allows them to load plus to minus 10 percent of the contracted volumes, the sources said.

Source: Reuters

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