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UPDATE 1-Saudi keeps Sept crude supply steady to Asia

Mon Aug 11, 2008 6:27am IST
 
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TOKYO, Aug 11 (Reuters) - Saudi Arabia, the world's top crude exporter, will supply full contracted volumes of crude oil to Asia in September, steady from August levels, sources at the refiners said on Monday.

Traders had expected no change in supply for September, although the market has been looking for signs of where incremental volumes are headed since the kingdom began raising output earlier this year in response to more demand and to quell what it sees as unacceptably high prices.

Saudi Arabia pumped 9.7 million barrels per day (bpd) of crude oil in July, up from 9.45 million bpd in June, according to a Reuters survey. [ID:nL4265128]

At least two Japanese refiners and one South Korean refiner have received notices of full contracted volumes from state-run Saudi Aramco, the sources said.

They said they did not ask for additional barrels on top of the contracted volumes. (Reporting by Osamu Tsukimori; Editing by Michael Watson)

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