Business Today

Several Asian refiners to get full Saudi oil supplies in November

Saudi Aramco's oil processing facilities at Abqaiq and Khurais were attacked by missiles and drones on September 14, shutting down 5.7 million barrels per day of its production

twitter-logo Reuters   Singapore/Tokyo     Last Updated: October 10, 2019  | 12:09 IST
Several Asian refiners to get full Saudi oil supplies in November
Saudi oil refinery (Photo: Reuters)

At least seven Asian refiners will receive the full crude volumes they requested from Saudi Arabia for November loading, a sign that Saudi production has stabilized after disruptions last month, multiple sources with knowledge of the matter said.

Most of the refiners are getting the crude grades that they want, the sources said on Thursday, adding that there was no request from state-owned oil company Saudi Aramco for them to change grades.

Saudi Aramco's oil processing facilities at Abqaiq and Khurais were attacked by missiles and drones on September 14, shutting down 5.7 million barrels per day (bpd) of its production, or more than 5% of global supplies.

At the height of the disruption, Saudi Aramco asked customers to switch their crude grades for loadings in the second half of September and early October and pushed back crude and oil product deliveries to customers by days.

Top Saudi oil officials have said that the kingdom's output has bounced back to 11.3 million bpd and the country was on track to regain its maximum oil production capacity of 12 million bpd by the end of November.

Also read: Oil recedes on Saudi supply reassurance, investor focus shifts to Fed

Also read: Saudi Aramco attacks: India steps up efforts to deal with oil crisis

Youtube
  • Print

  • COMMENT
BT-Story-Page-B.gif
A    A   A
close