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Market Chatter: Saudi Aramco Said to Sell Arab Medium, Heavy Crude to PetroChina

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Saudi Arabian Oil Co. (SASE:2222), d/b/a Aramco, sold 4 million barrels of Arab Medium and Heavy crude to PetroChina despite the Strait of Hormuz's effective closure, Bloomberg News reported Friday, citing traders familiar with the matter.

The crude was sold to the Chinese refiner for loading in September at locations outside Hormuz, the report said.

Aramco and PetroChina did not immediately respond to requests 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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