Riyadh- Mubasher: Saudi Aramco will meet the demands of crude oil buyers in India and southeast Asia in August, Reuters reported, citing two sources familiar with the matter.

The Saudi company will not cut supplies, even for heavier grades such as Arab medium and heavy crude to south Asian customers, one of the sources said.

On May, the Organization of Petroleum Exporting Countries (OPEC) agreed on cutting oil production for another nine months until March 2018.

By the end of 2016, members of OPEC and eleven other countries had approved to cut crude production to 1.8 million barrel in order to face the decrease in crude prices.

On Wednesday, Aramco announced lowering the Arab light crude shipment prices for August to Asia by $0.20 per barrel (pb).