ENERGY

Saudi Arabia informs customers about oil supply cuts from January

Saudi Arabia has informed customers about lower oil supplies from January in line with the reduction in output agreed by OPEC. (AP)

Saudi Arabia has informed customers about lower oil supplies from January in line with the reduction in output agreed by OPEC last week, said a Gulf oil industry source familiar with Saudi oil policy.

He said cuts were mainly focused on Europe and the United States with Asia being less affected: “We are cutting more in the US because the inventories in the US are very high.”

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Last Update: Friday, 9 December 2016 KSA 13:14 - GMT 10:14
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Saudi Arabia informs customers about oil supply cuts from January
Saudi Arabia has informed customers about lower oil supplies from January in line with the reduction in output agreed by OPEC
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