Saudi Aramco to Provide Asian Buyers with their Oil Supplies

Saudi Aramco has notified at least 6 Asian buyers, that it will provide them with their full contractual quantities of crude oil, in March.

The company’s notification followed hiking the official selling prices for the month of March to Asia, Reuters reported citing sources.

The kingdom, the world’s largest oil producer-cum-exporter, has maintained stable supplies to Asia, since the Countries OPEC and its allies, known as the OPEC+ group, began eliminating production cuts in August.

This month, OPEC + decided to continue increasing production by 400,000 barrels per day, in March.