Saudi Arabian Oil Co., or Saudi Aramco, has left its December term crude oil allocations for European buyers unchanged from November, two European oil companies said Wednesday.
Saudi Arabian Oil Co., or Saudi Aramco, has left its December term crude
oil allocations for European buyers unchanged from November, two European oil
companies said Wednesday.
Two refiners in
Europe
said their December
allocations were kept steady from last month.
Last week Aramco cut most of its official selling prices for December term
delivery to
Europe
and the
Mediterranean
, but
the kingdom raised prices to
Asia
and
kept U.S. OSPs largely steady.
At least one Asian buyer will receive full-term allocations from
Saudi
Arabia
in December, unchanged from a
month earlier, a trader familiar with the matter said Wednesday.
Several Asian term buyers had changed their crude grades for November delivery
from heavy to light, but still received full allocations, the trader said.
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