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Market Chatter: Saudi Aramco Said to Sell Crude to Asian Customers on Spot Basis

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Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, sold at least 6 million barrels of crude oil on a spot basis to clients in East Asia, Bloomberg News reported Wednesday, citing traders with knowledge of the matter.

The state-owned oil group, which typically sells supplies through long-term contracts, sold crude on three supertankers headed for South Korea, Japan, and China, the news outlet 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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