Some Asian Buyers Take Less Saudi Oil on Demand Hit From Virus
,By Sharon Cho
and Serene Cheong
12 בפברואר 2020, 05:40 GMT+2
Three sought less Saudi oil for March; 1 declined extra crude
Distressed cargoes being widely offered in the spot market
At least three Asian oil refiners will take delivery of less Saudi Arabian crude than planned in March as the virus dents demand for fuel and creates a glut of alternative supplies, according to people with knowledge of the companies’ imports.
The companies, which include two Chinese buyers, requested the lower volumes as part of their long-term supply contracts with Saudi Aramco, according to the people, who asked not to be identified due to company policy.