Sources: Saudi Aramco to ship full oil contract volumes to Asia in Dec

Saudi Aramco has told at least four refinery customers in North Asia they will receive full contract volumes of crude oil in December, several sources with knowledge of the matter said on Thursday.
The producer is maintaining a steady supply to Asia despite the decision by the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, known as OPEC+, to lower the group’s output target by 2 million barrels per day (bpd)starting this month, Reuters reported.
“People are scratching their heads to figure out when will the output cut be materialised, as the market has not felt a tightened supply,” said one of the sources, a Singapore-based trader.