Singapore (Platts)--28Jan2013/657 am EST/1157 GMT

Saudi Arabia's state-owned oil company Saudi Aramco is expected to supply full nominated volumes of crude oil loading in February to Asian refiners, sources close to the matter said Monday.

Sources at refiners in Japan, Taiwan, China and South Korea all said their term lifting requests for February were set to be met in full. "We should not have any exceptions [to requested allocations]," a source at a Taiwanese refiner said. "As far as I know [allocations] are normal," a source at a Japanese refiner said.

For February, very light Saudi Aramco export grades saw official selling prices roll over for the second consecutive month, while heavier grades saw the OSPs edge up.

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Saudi Aramco OSPs for crude exports to Asian destinations are benchmarked against the monthly average of Platts' Oman and Dubai crude assessments.

Both Arab Heavy and Arab Medium OSPs rose 30 cents/barrel in February from January, to Oman/Dubai minus $1.10/b and plus $1.20/b, respectively, while Arab Light OSP rose 15 cents/b to Oman/Dubai plus $3.45/b.

A Platts survey of OPEC's production showed Saudi Arabia produced 9.45 million b/d of crude oil in December. --Daniel Colover, daniel_colover@platts.com
--Edited by Haripriya Banerjee, haripriya_banerjee@platts.com

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