Despite Saudi Arabia’s announcement of cutting oil output from 10 million barrels per day (bbl/d) to 9 million bbl/d in July, Aramco said it will send full nominated volumes of crude oil to number of North Asian customers in July, according to several sources with knowledge on the matter, Reuters reported.

Saudi Aramco unexpectedly increased its official selling prices for all grades of oil to Asia for shipments due to load in July, which would harm refining earnings and would encourage refiners to purchase additional feedstock.

Some Chinese state-owned refiners have requested lower supply in July, while other Chinese refiners have asked for more supply. For this reason, China’s total July intake of Saudi crude is likely to stay around the same level as June, sources said.