AlwaysFree: Aramco Commits To Meet Full Crude Term Allocation For Asian Buyers

Saudi Aramco has committed to meet full crude term allocation for key buyers in Asia for November-loading cargoes, market sources said. This marks the third straight months the oil giant meeting Asian term volumes fully. Asia is Aramco's primary export market, accounting for 3% of its total crude exports last year. Aramco increased its November official selling prices of Arab Light, Extra Light, and Super Light grades heading to the Asia Pacific by 10-30 cents/barrel, compared to October prices. However, buyers said the increments were within their expectations.

Tags: AlwaysFree,Asia Pacific,Crude Oil,English,Middle East,Saudi Arabia