Saudis Ease Asia Oil Crunch with 100-Million-Barrel Sales Flurry

Saudis ease Asia oil crunch with 100-million-barrel sales flurry

Aramco offering to manage logistics and transport the crude all the way to Asian customers Read more at The Business Times.

Saudis Ease Asia Oil Crunch

Saudi Arabia has sold almost 100 million barrels of oil to Asian buyers since the middle of last week, according to traders familiar with the matter.

Saudi Arabia Sells Nearly 100 Million Barrels to Asian Buyers

Saudi Aramco is taking on part of the vessel, insurance and voyage risk as Asian refiners grow reluctant to arrange tankers through the Strait of Hormuz.