Saudi Arabia To Slash Oil Exports To Asia By 100,000 Bpd

As per the statement, made by the Saudi Energy Ministry on Monday, the oil-rich country is going to cut down its oil exports to Asia by more than 100,000 Barrel per day in January 2018. Interestingly, it will keep the shipment to Europe and US at the level of December 2017. The statement also mentioned, “Aramco will maintain its overall supply levels next month at their recent low levels.”

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