Chinese, Indian refiners to take less Saudi crude in May


SINGAPORE/NEW DELHI: Some Chinese and Indian refiners will receive less crude oil from Saudi Arabia after the world's top exporter hiked its official selling price to record levels, people with knowledge of the matter said on Friday.

China's request for lower volumes followed that of India, where at least two refiners had planned to buy less Saudi oil than usual in May after state oil producer Saudi Aramco raised crude prices for all regions, with those to Asia hitting all-time highs.

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Oil and gas , Brent , WTI , China , India

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