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Saudi Arabia confirms extra April oil supplies to customers in Europe

Fri, 13th Mar 2020 11:11

MOSCOW, March 13 (Reuters) - Saudi Arabia will supply
additional oil volumes next month to all customers in Europe who
asked for an increase following a deep cut to Saudi official
selling prices, five trading sources told Reuters on Friday.

European oil refiners including Total, BP,
Shell, Eni, and SOCAR have all had allocations
for additional Saudi crude oil supplies in April confirmed, the
sources said.

Oil prices have weakened more widely, with Brent crude on
track for its worst week since the 2008 financial crisis on
Friday as investors fretted over the impact of the coronavirus
on demand and plans by producers to boost output.
(Reporting by Olga Yagova; Editing by Jan Harvey)

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