TOKYO: Saudi Arabia, the world's top crude exporter will supply full contracted volumes of crude oil to at least one Asian term buyer in August, unchanged from July, an industry source familiar with the matter said on Wednesday.
The move was expected as the OPEC kingpin has supplied full contractual volumes to most Asian buyers since late 2009.
The source said the buyer was not considering buying additional volumes at the moment.
Saudi Aramco plans to develop two less productive areas of major oilfields, industry sources said last week, as Riyadh takes care to maintain excess capacity for the long term, even while non-OPEC oil supplies are on the rise. (Reuters)
