11MAR2019 - NEWS - Saudi Arabia plans to cut its crude oil exports in April to below 7 million barrels per day

Saudi Arabia plans to cut its crude oil exports in April to below 7 million barrels per day (bpd), while keeping its output "well below" 10 million bpd, as the kingdom seeks to drain a supply glut and support oil prices. State-owned Saudi Aramco's oil allocations for April are 635,000 bpd below customers' nominations requests made by refiners and clients for Saudi crude. March's oil exports will also be below 7 million bpd. Saudi Arabia's oil production in February fell to 10.136 million bpd, down from 10.24 million bpd in January.

Published by Editor - www.Livebunkers.com at 11-Mar-2019 10:05:34 [UTC] , contact editor at editor@livebunkers.com