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Saudi Aramco has notified at least three North Asian buyers that it will supply full contractual volumes of crude oil in August, sources with knowledge of the matter said on Tuesday. Saudi Arabia and other OPEC+ states agreed this month to increase production to commemorate Russian output losses by 648,000 barrels per day (bpd) in July- and a similar amount in August. This comes against the initial plan to add 432,000 bpd a month over three months until September.

Asian refiners to receive full Saudi crude allocation in August

Saudi Aramco has notified at least three North Asian buyers that it will supply full contractual volumes of crude oil in August, sources with knowledge of the matter said on Tuesday. Saudi Arabia and other OPEC+ states agreed this month to increase production to commemorate Russian output losses by 648,000 barrels per day (bpd) in July- and a similar amount in August. This comes against the initial plan to add 432,000 bpd a month over three months until September.

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