Saudis Ease Asia Oil Crunch With 100-Million-Barrel Sales Flurry
Saudi Arabia has sold nearly 100 million barrels of oil to Asian buyers since last week. This move is intended to prevent a potential supply shortage in the region.
Saudi Arabia has sold almost 100 million barrels of oil to Asian buyers since the middle of last week, according to traders familiar with the matter, helping to avert a looming supply crunch in the region.
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