Saudi Aramco has reportedly told Asian refiners that it will suspend a supply flexibility clause from January until further notice. The clause is known as Operational/Lifting Tolerance allowing customers to request 5-10% more crude than the volumes allocated by Aramco in case of more oil demand. Aramco informed customers that the move is in line with the Saudi government's decision to reduce output as part of OPEC supply cuts. The company also told its US and European customers last week that it will reduce supply from January. Reduction of supply to Asia is expected to be smaller than to the US or Europe. (Reuters)