Doubts on Saudi Arabia ability to supply crude oil
Maybe the Saudi Arabia refineries situation is worse than expected, a week after attacks. Saudi state oil firm Aramco has told Japanese refiner JXTG Nippon Oil & Energy about a possible change in shipment, raising concern about the kingdom’s ability to supply crude oil, the Nikkei Asian Review reported. Aramco did not specify a reason for the change in oil grade supplied to Japan’s biggest refiner from light to heavy and medium starting October, Nikkei said, citing JXTG officials. JXTG officials suspect that Aramco is taking more time than expected to fix its desulfurization facility, which is necessary to produce light-grade crude used in the production of gasoline and light gas oil, the newspaper said. At least three supertankers that loaded crude in Saudi Arabia this week for China and India had their crude grades switched from light to heavy oil while more buyers in Asia have been asked to delay shipments and switch grades in September and October, Re