Saudi Keeps Dec Term Crude Volumes To Europe Unchanged- Trade

Saudi Keeps Dec Term Crude Volumes To Europe Unchanged- Trade
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Τετ, 10 Νοεμβρίου 2010 - 19:09
Saudi Arabian Oil Co., or Saudi Aramco, has left its December term crude oil allocations for European buyers unchanged from November, two European oil companies said Wednesday.
Saudi Arabian Oil Co., or Saudi Aramco, has left its December term crude oil allocations for European buyers unchanged from November, two European oil companies said Wednesday.

Two refiners in
Europe said their December allocations were kept steady from last month.

Last week Aramco cut most of its official selling prices for December term delivery to
Europe and the Mediterranean , but the kingdom raised prices to Asia and kept U.S. OSPs largely steady.

At least one Asian buyer will receive full-term allocations from
Saudi Arabia in December, unchanged from a month earlier, a trader familiar with the matter said Wednesday.

Several Asian term buyers had changed their crude grades for November delivery from heavy to light, but still received full allocations, the trader said.

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