Saudi Arabia failed to attract offers for additional oil cargoes for loading in October, industry sources said, in a sign that the market remains over supplied despite recent production cuts. The offers were made to some customers in Asia ahead of maintenance at a major Saudi refinery, two sources close to the matter said, as the world’s biggest crude exporter seeks to maintain its market share in Asia. Yet in a sign of the ongoing price war between producers and the surplus supplies, potential buyers who received the offers said they were too prompt in delivery, adding that cheaper alternatives such as Iraq’s Basra crude were also available. “Even if the November OSPs (Official Selling Prices) are attractive, we do not have room to take more,” one of the potential buyers said, declining to be named due to company policy. Refinery maintenance across Asia in the third quarter has […]