June 12 (Bloomberg) -- Saudi Aramco, the world's largest state oil company, will supply customers in Asia, Europe and the U.S. with full volumes of crude oil they had requested under their monthly loading programs for July, refinery officials said today.

The Dhahran, Saudi Arabia-based producer will maintain crude oil supplies for a ninth month to Asia, said three refinery officials in Japan, South Korea and China, who received notices from the company and asked not to be identified because of confidentiality agreements.

Oil refiners in Europe, the U.S. and oil companies including Royal Dutch Shell Plc and Chevron Corp. will receive the volumes they had wanted for loading in July, said two people with knowledge of the shipping schedules for the month. Earlier this year, refiners in Europe and the U.S. had received less than the full contracted volumes.

``Most refiners would want lighter crudes at this time of the year because refining margins for diesel are high,'' said Ehsan Ul- Haq, head of Vienna-based JBC Energy Research GmbH. ``I doubt refiners would want heavier grades because they yield mostly fuel oil for which margins are terribly poor now.''

Saudi Arabia supplies crudes of different quality, with Arab Extra Light fetching about $12.50 a barrel more than Arab Heavy for July sales to Europe. Heavier crudes produce lower-value products.

Oil prices have doubled in the past year as investors buy the commodity as a hedge against a weakening U.S. dollar. Prices have also risen over concern that supplies won't meet future demand. Crude oil futures in New York reached a record $139.12 a barrel on June 6.

Jeddah Meeting

Saudi Arabian Oil Minister Ali al-Naimi said last month, when U.S. President George W. Bush was visiting the kingdom, that Saudi Arabia would raise output by 300,000 barrels a day to 9.45 million barrels a day in June in response to rising demand from its customers. Saudi Arabia this week called for a meeting between producers, consumers and financial institutions to discuss the increase in oil prices, which it called ``unjustified.'' Talks will be held in the country's coastal town of Jeddah on June 22.

The 13-nation Organization of Petroleum Exporting Countries pumped 32.28 million barrels of crude a day last month, with Saudi Arabia contributing 9.25 million barrels a day, according to Bloomberg estimates.

Aramco typically tells customers in the first half of the month how much oil they will receive the next month. From November 2006 until October 2007 Aramco had cut volumes to Asia set out in annual contracts, in line with reductions in output agreed on by OPEC.

To contact the reporter on this story: Nesa Subrahmaniyan in Singapore at nesas@bloomberg.netAlexander Kwiatkowski in London at akwiatkowsk2@bloomberg.net

Last Updated: June 12, 2008 06:47 EDT