Saudi Arabia’s state oil giant Aramco, the world’s largest oil exporter, will meet only part of the nominations for crude from the European and Mediterranean regions for loading in May, refiners have told Argus . While three refiners have been given all the nominations they had put through, three others will receive crude loading in May below the volumes they had nominated, Argus said. Saudi Arabia is competing, among others, with Russia’s Urals grade in the European markets. Earlier this month, Aramco lifted its official selling prices to its most important outlet, the Asian market, but lowered slightly the prices for its crude to Europe and the United States. Although the Saudis made minor cuts to their prices for the flagship Arab Light grade for May to Europe, Urals crude looks more attractive to European buyers because it is at its lowest price in one year, traders told Bloomberg […]