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Market Chatter: Saudi Aramco Reportedly Makes Spot Crude Oil Offers to Asia-Pacific Buyers

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Saudi Arabian Oil Co (SASE:2222), d/b/a Saudi Aramco, has made spot offers of crude oil to buyers in Asia-Pacific for delivery through November, commodity prices information provider Argus Media reported Tuesday, citing sources familiar with the matter.

The Saudi Arabian state-owned oil giant invited bids for cargoes loading via ship-to-ship transfers in the Gulf of Oman, as well as for cargoes on a delivered basis. Sources said the specific grades on offer remain unclear, although Arab Light was included and Saudi Aramco was offering 20 million barrels in total.

Saudi 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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