Saudi Arabia Will Supply Full Volumes To Asia

Saudi Arabia will supply full contracted oil volumes to most of its buyers in Asia, Reuters has reported, citing unnamed sources familiar with the Kingdom’s moves. This will be the fourth month in a row during which Saudi Arabia has supplied full volumes, which suggests that crude oil supply is sufficient for the time being. Previously, Saudi Arabia has on occasion notified buyers it would not be able to supply full contractual volumes, which has affected international oil prices because of the implication supply might be too tight for full…