Saudi Aramco to Maintain Supplies to Asian Refiners in November

By Nesa Subrahmaniyan

Oct. 13 (Bloomberg) -- Saudi Aramco, the world's biggest state oil company, will maintain crude supplies in November to customers in Asia at levels agreed under annual contracts, refinery officials said.

The Dhahran, Saudi Arabia-based producer will supply full volumes of crude oil to Asia next month, unchanged from October, said three refinery officials who had received notices from the company. They asked not to be identified because of confidentiality agreements.

Saudi Arabia supplies crudes of different quality, with the Arab Light grade fetching about $4.35 a barrel more than Arab Heavy for November sales to Asia. Heavier crudes yield lower- value products.

Aramco typically tells customers in the first half of the month how much oil they will receive in the following month.

To contact the reporter on this story: Nesa Subrahmaniyan in Singapore at nesas@bloomberg.net