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Saudi Arabia to Keep Jan Crude Supply to Asia Steady

Source: Reuters 12/9/2014, Location: Middle East

Saudi Arabia, the world's top crude exporter, will supply full contracted volumes of crude oil to at least two Asian term buyers in January, unchanged from December, industry sources familiar with the matter said.

Saudi Arabia blocked calls last month from poorer members of the OPEC oil exporter group for production cuts to arrest a slide in global prices, sending benchmark crude plunging to multiple year lows.

The OPEC kingpin has supplied full contractual volumes to most Asian buyers since late 2009.

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