OREANDA-NEWS. Saudi Arabia is preparing to triple oil supplies to European countries at a price of $ 25 per barrel. This was reported on Thursday by Bloomberg, citing sources.

According to him, the kingdom offered Arab Light oil to Rotterdam at this price. It is noted that companies such as the British-Dutch Royal Dutch Shell, British BP, French Total, Spanish Repsol and CEPSA received proposals from Saudi Saudi Aramco for deliveries that exceed standard volumes by 25-200%. According to Bloomberg, the price of $ 25 per barrel is much lower than the price of the Russian export brand Urals. In addition, traditionally Saudi Arabia supplied small volumes of oil to the European continent.

Bloomberg was unable to promptly receive comments from these companies.The price of futures for Brent crude oil for delivery in May 2020 during trading on the ICE exchange in London drops by 6.1% to $ 33.6 per barrel.