SINGAPORE, July 12 (Reuters) - Saudi Arabia, the world's top
crude oil exporter, will supply full contractual volumes of
August-loading crude to at least five Asian customers, sources
with direct knowledge of the matter told Reuters on Monday.
However, the producer has turned down two of the buyers'
requests for extra barrels, two of the sources said.
Saudi state energy company Saudi Aramco declined
to comment on the matter.
Last week, the Organization of the Petroleum Exporting
Countries and their allies, a group known as OPEC+, failed to
reach an agreement to increase output from August.
After the breakdown of talks, Saudi Arabia raised the August
official selling prices (OSPs) of all crude grades it sells to
Asia, setting flagship Arab light crude at $2.70 a barrel above
the Oman/Dubai average for Asia, up 80 cents from
The price hike was slightly above an expected month-on-month
increase of 65 cents a barrel on average from five refinery
respondents surveyed by Reuters.
(Reporting By Shu Zhang and Nidhi Verma; Editing by Muralikumar
Anantharaman, Kirsten Donovan and Louise Heavens)