Some Asian oil refiners are planning to ask for full contractual crude volumes from Saudi Arabia, despite the kingdom jacking up prices for August, as there are few cheaper alternative sources of supply. Saudi Aramco raised the official selling price for its key Arab Light crude to Asia next month by the most since January after the breakdown of Opec+ talks to boost output. Alternative grades from the US, or the North Sea are currently more expensive, leaving refiners without many options to curb rising costs. At least six processors are requesting normal contractual volumes for August-loading cargoes, according to refinery officials who asked not to be identified. One will seek more of the
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