Asian buyers will probably take their full contractual volumes of oil from Saudi Arabia for next month on strong fuel demand and improved margins, even after the kingdom jacked up prices to the region.
Saudi Aramco lifted pricing for all crude grades by more-than-expected to Asia for December after OPEC+ stuck to its plan for a modest restoration of supply, despite calls for it to add more. With demand -- especially for lighter varieties -- at elevated levels, buyers are likely to request full supply, traders said.
"asian" - Google News
November 08, 2021 at 12:18PM
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Asia Likely to Take Full Oil Volumes From Saudis Despite Hike - Bloomberg
"asian" - Google News
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