Saudi Arabia will cut oil supplies to China in July in favor of other Asian countries, Bloomberg reports citing sources.

Among the countries that will receive additional raw materials are Japan, South Korea, Thailand and India. In some of them the volume of supplies will be larger than originally requested, the agency sources noted.

Many buyers in Asia have requested Saudi Aramco to increase supplies amid the desire to find alternative sources of energy supply to Russia.

Meanwhile, Saudi oil is in high demand in Asia even though the price of all exported grades for countries in the region has risen higher than initially expected. The reason for this demand is the higher refining margins compared to oil from the U.S. or the North Sea, Bloomberg writes.