Saudi Aramco supplies spot oil to Asia

Saudi Aramco announced the sale of at least 6 million barrels of crude oil on a spot basis to customers in Asia, including South Korea, Japan, and China. These unusual sales came after the resumption of oil loading from the Ras Tanura facility, the largest in the Arabian Gulf, aimed at boosting production and stabilizing falling oil prices. These transactions represent some of Aramco's most prominent spot sales, as the company typically sells oil through long-term contracts with fixed prices on a monthly basis.

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