Saudi Aramco denies extending payment terms to crude sales

15/04/2020 Argaam

  

Saudi Aramco has not made any offers of extended payment terms to crude oil sales, the giant oil producer said in a statement on Wednesday, denying earlier media reports.

 

Reuters earlier cited unnamed sources as saying that Saudi 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.

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