Saudi Arabia is looking to increase its oil exports to Asia, anonymous sources told Bloomberg.

The Arab kingdom will export more of its Arab Extra Light crude to at least two buyers in Asia in August along with the regular monthly contractual exports, according to the sources.

One of the buyers has accepted the offer, but so far there have been no details about the volume of the supplies.

Aramco has declined to comment on the issue.

Oil prices have fallen more than 10% over the past two weeks after oil-exporting countries agreed to partially lift supply cuts at the June OPEC meeting in Vienna. The end of the 18-month cap has enabled Saudi Arabia to since increase its exports to near-record highs.