Page 14 - நிறுவனம் அதிகாரிகள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Bloomberg) Saudi Arabia reduced crude oil supplies to at least 11 refiners in Asia and most buyers in Europe after the kingdom volunteered to cut its production by 1 million barrels a day for February and March.Aramco will supply less crude as part of long-term contracts next month, giving some Asian processors 20%-30% less than they had sought, according to company officials who received the notices but asked not to be identified as the information is private. Supplies to most European refiners were also cut and one refiner that typically buys small volumes from Saudi Arabia will not get any cargoes for February.Supply cuts were focused on heavier grades such as Arab Medium and Arab Heavy, the officials said. State-owned Aramco declined to comment.Saudi Arabia’s move to sell less oil comes amid an overall decline in crude demand across Asia due to peak refinery maintenance season from March to April. Separately, the resurgence of Covid-19 infections across Asia and Europe, a

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