The Battle For European Oil Markets Is Heating Up

Saudi Arabia’s state oil giant Aramco, the world’s largest oil exporter, will meet only part of the nominations for crude from the European and Mediterranean regions for loading in May, refiners have told Argus.   While three refiners have been given all the nominations they had put through, three others will receive crude loading in May below the volumes they had nominated, Argus said.   Saudi Arabia is competing, among others, with Russia’s Urals grade in the European markets. Earlier this month, Aramco lifted its…