Saudi Aramco says has not extended oil payment offers to refiners

LONDON (Reuters) - Saudi Aramco said on Wednesday it has not made any offers of extended payment terms to crude oil sales to refiners, contrary to an earlier report by Reuters. 'Contrary to a recent media report, Aramco has not made any offers of extended payment terms to crude oil sales,' Saudi Arabia's national oil company said in a statement. Reuters reported earlier that Aramco has offered oil refineries in Asia and Europe the option to defer payments for crude cargo deliveries by up to 90 days as plants struggle with shrinking demand, according to refining industry sources

Reuters April 16, 2020 00:09:15 IST
Saudi Aramco says has not extended oil payment offers to refiners

Saudi Aramco says has not extended oil payment offers to refiners

LONDON (Reuters) - Saudi Aramco <2222.SE> said on Wednesday it has not made any offers of extended payment terms to crude oil sales to refiners, contrary to an earlier report by Reuters.

"Contrary to a recent media report, Aramco has not made any offers of extended payment terms to crude oil sales," Saudi Arabia's national oil company said in a statement.

Reuters reported earlier that Aramco has offered oil refineries in Asia and Europe the option to defer payments for crude cargo deliveries by up to 90 days as plants struggle with shrinking demand, according to refining industry sources.

(Reporting by Ron Bousso; Editing by Chris Reese)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

also read

Greek police clash with protesters in rally against mandatory vaccinations
World

Greek police clash with protesters in rally against mandatory vaccinations

ATHENS (Reuters) - Greek police used teargas and water cannon to disperse people who had gathered in central Athens on Saturday to protest against mandatory COVID-19 vaccinations. More than 4,000 people rallied outside the Greek parliament for a third time this month to oppose mandatory inoculations for some workers, such as healthcare and nursing staff.

Two Turkish soldiers killed in attack in northern Syria
World

Two Turkish soldiers killed in attack in northern Syria

ISTANBUL (Reuters) - Two Turkish soldiers were killed and two were wounded in an attack on their armoured vehicle in northern Syria, and Turkish forces immediately launched retaliatory fire, Turkey's defence ministry said on Saturday. "Our punitive fire against terrorist positions is continuing," the statement on Twitter on said. It did not specify where the attack occurred, but media reports said it was in the al-Bab area.

Brazilians take to streets again to demand Bolsonaro's impeachment
World

Brazilians take to streets again to demand Bolsonaro's impeachment

By Marcelo Rochabrun SAO PAULO (Reuters) - Protesters took to the streets in several Brazilian cities on Saturday to demand the impeachment of far-right President Jair Bolsonaro, whose popularity has fallen in recent weeks amid corruption scandals against the backdrop of the pandemic. This week, news broke that Brazil's defense ministry told congressional leadership that next year's elections would not take place without amending the country's electronic voting system to include a paper trail of each vote. Bolsonaro has suggested several times without evidence that the current system is prone to fraud, allegations that Brazil's government has denied