Singapore — Saudi Arabia, the world’s top crude oil exporter, will supply full contractual volumes of August-loading crude to at least five Asian customers, sources with direct knowledge of the matter told Reuters on Monday.
However, the producer has turned down two of the buyers’ requests for extra barrels, two of the sources said.
Saudi state energy company Saudi Aramco, declined to comment on the matter.
Last week, the Organization of the Petroleum Exporting Countries and their allies, a group known as OPEC+, failed to reach an agreement to increase output from August.
The price hike was slightly above an expected month-on-month increase of 65 cents a barrel on average from five refinery respondents surveyed by Reuters. r
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