Saudis to supply full oil volumes to Asia in August, China requests less again -sources – Reuters

Saudis to supply full oil volumes to Asia in August, China requests less again -sources – Reuters

SINGAPORE, July 11 (Reuters) - Saudi Aramco (2222.SE) has informed some clients in North Asia they will receive full nominated volumes of crude oil in August, several sources with knowledge of the matter said on Tuesday, while top buyer China once again requested for less supply.

The world's biggest oil exporter last week said it would extend its 1 million barrels-per-day (bpd) output cut by another month to August and hiked the prices for most of the crude grades it sends to Asian customers for a second month.

Some Chinese refiners, however, both state-owned and mega-sized independent refineries, have asked for lower supply in August, according to four trading sources.