Friday, Mar 09, 2012
By Sarah Kent
Of DOW JONES NEWSWIRES
LONDON (Dow Jones)--Saudi Arabian Oil Co., or Saudi Aramco, will supply full term volumes of crude European customers in April, unchanged from this month, buyers of Saudi crude in Europe told Dow Jones Newswires Friday.
"They are the same as always, the same volumes," said a trader at one major European refinery, adding that the refinery hadn't asked for additional barrels.
Concerns over supply as sanctions increase the difficulty of securing crude from Iran in recent months, has caused speculation that European customers will start to take more oil from Saudi Arabia to replace barrels from the Islamic Republic.
The Kingdom has repeatedly pledged that it is ready to make up for any missing oil.
-By Sarah Kent, Dow Jones Newswires; 4420-7842-9376; Sarah.kent@dowjones.com
(END) Dow Jones Newswires
09-03-12 1148GMT
