Saudi Arabia Will Supply Full Oil Volumes To Asian Buyers In September

Saudi Arabia will supply full crude oil volumes in September under contracts with Asian buyers, Reuters has reported, citing multiple unnamed sources. The news comes days after the Kingdom raised its official selling prices for crude yet again and said it would extend its voluntary production cuts of 1 million barrels daily through September. Riyadh also said it might extend and/or deepen the cuts beyond the end of September. Saudi Aramco raised the official selling price (OSP) for its Arab Light crude oil grade to Asia by $0.30 per barrel for…