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Business / Middle East Business

Saudi Aramco to supply full crude oil contract volumes to two Asian buyers

Published: 08 Feb 2017 - 04:33 pm | Last Updated: 01 Nov 2021 - 08:19 am
Peninsula

Reuters

SINGAPORE: Saudi Aramco will supply full contract volumes of crude oil to two Asian buyers in March, two industry sources with knowledge of the matter said on Wednesday. 

"We are unaffected" by the OPEC cut, one of the sources said.

The Organization of the Petroleum Exporting Countries agreed in November to reduce production for six months from January to cut oversupply and support prices.