Do More With Reuters
Partner Services

UPDATE 1-Saudi keeps Sept crude supply steady to Asia

Mon Aug 11, 2008 6:27am IST
 
Email | Print | | Single Page
[-] Text [+]

(Adds details)

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)

Construction workers work at a site as the sun sets in Chandigarh in this December 2006 file photo. REUTERS/Ajay Verma
Economy seen growing at 7.2 pct in FY10 - govt

The forecast reinforces the possibility that the government may start to unwind its fiscal stimulus in the budget.  Full Article 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives
Greece's Finance Minister Papaconstantinou addresses reporters during a news conference in Athens, January 20, 2010.
Eurozone agreed in principle to aid Greece

Euro zone countries have decided in principle to help debt-stricken Greece, a senior German ruling coalition source said.  Full Article 

FROM THE MARKETS

After the Bell
After the Bell

Reuters Money's Kshitij Anand updates you on the movers and shakers of the Indian stock market.  Blog 

SHOWCASE

"Claw Back" Pay
"Claw Back" Pay

Banks and regulators hope that threats to "claw back" pay if trades later blow up will rein in risk taking on Wall Street.  Full Article 

 
James Saft
Blaming Asperger's

COLUMN - Did Asperger's help cause the financial crisis?  Full Article 

 
Going Global
Going Global

With Volvo, Chinese eye M&A abroad to win at home.  Full Article 

 
Delivery Woes
Delivery Woes

Boeing 787 delivery schedule could slip - experts.  Full Article 

 
Central Banks Cautious
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.   Full Coverage