Aramco Sells 4 Million Barrels to Chinese Refiners Off Fujairah Coast
Saudi Aramco has sold four million barrels of crude oil to two Chinese refiners for loading off the coast of Fujairah in the United Arab Emirates.
The oil giant offered Arab Medium and Arab Heavy crude cargoes through private negotiations with Asian refiners on Monday.
PetroChina and Sinochem each bought two million barrels of the heavier Saudi crude grades at premiums, according to trade sources.