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Market Chatter: Aramco Reportedly Adopts Ad Hoc Approach for September Asia Crude Allocations Amid Disruptions

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Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, is adopting an ad hoc approach for September crude allocations to certain Asian term customers amid regional conflict, Reuters reported Thursday, citing three sources.

Customers are uncertain whether they will be able to lift their contractual volumes due to export disruptions in the Strait of Hormuz and the Red Sea, the report said.

Aramco did not immediately respond to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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