Buyers in the world’s biggest crude consuming region aren’t asking for extra supplies from Saudi Arabia for next month following the kingdom’s price hike and signs of weakening in the physical market.
At least four Asian refiners asked for normal volumes from the Saudis for January-loading cargoes and got all they requested, according to company officials who asked not to be identified as the information is private. Buyers sometimes seek additional cargoes on top of term shipments when Saudi oil is deemed as cheaper than competing grades, or when their demand surges.
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December 09, 2021 at 12:12PM
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Asian Refiners Won't Seek Extra Saudi Oil on Weakening Market - Bloomberg
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