Wednesday 12 June 2019

Saudis Heed China Request for More Oil as Supplies Squeezed - Bloomberg

Saudis Heed China Request for More Oil as Supplies Squeezed - Bloomberg:

The world’s biggest oil exporter seems willing for now to satisfy Chinese requests for extra crude as supplies are squeezed elsewhere.

At least one Chinese customer got additional oil from Saudi Arabian Oil Co. for loading in July on top of its normal contractual volumes, according to people with knowledge of the matter. The extra supply was at the request of the customer, the people said, asking not to be identified because the matter is private. At least five other Chinese buyers got what they requested, though it’s not clear if they asked for extra crude.

Aramco declined to comment on the matter in an emailed response.

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