เนื้อหาวันที่ : 2012-10-18 13:39:16 จำนวนผู้เข้าชมแล้ว : 497 views

Saudi Arabia set to fulfill term allocations to Asian crude refiners in Nov

Saudi Arabia's state-owned oil company Saudi Aramco is expected to fulfill nomination requests from Asian refiners for crudes loading in November, sources close to the matter said Thursday.

Sources at refiners in Japan, India, South Korea and China all said their term lifting requests for November were set to be met in full.

Rises across all export grades have been seen for Saudi official selling prices for November. Saudi Arabia's crude exports to Asian destinations have their OSPs benchmarked against a 50/50 split of Oman/Dubai assessments.

Arab Super Light saw the biggest rise in November from the October OSP of $1.25/b to Oman/Dubai plus $6.55/b, while Arab Extra Light rose $1/b to Oman/Dubai plus $4.90/b. Arab Light rose 90 cents/b to Oman/Dubai plus $2.75/b, while both Arab Medium and Arab Heavy rose 80 cents/b to Oman/Dubai plus 0.65 cents/b and minus $1.10/b, respectively.

The International Energy Agency last Friday reported Saudi Arabian oil production in September fell 100,000 b/d month on month to 9.8 million b/d.