Saudi maintains Asia oil supply curbs for July

Top oil exporter Saudi Arabia told Asian lifters to expect the same crude volume for July as they have been getting since April, showing no signs of boosting production to soften prices near $70 a barrel.

Saudi Arabia will supply crude oil to Japan and South Korea at about 9,5-10,0% below contracted volumes in July, the same as June, two Japanese industry sources and one South Korean source said today.