Saudi Arabia to cut crude oil allocations by 350,000 bpd

ArticleEnergySeptember 8, 2017 - 3:56:59 AM

In an attempt to push prices up, Saudi Arabia and the major oil producers are trying to reduce barrel allocations.

Saudi Arabia will cut crude oil allocations to its customers worldwide in October by 350,000 barrels per day, an industry source familiar with Saudi oil policy told Reuters on Thursday.

Source: Reuters

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