Saudis Reduce Asia Exports, Slash U.S. Volumes
Saudi Arabia, the world's top oil exporter, will limit volumes of crude to some Asian buyers in July and deepen cuts in allocations to the United States, industry sources with knowledge of the matter said on Monday. State-run oil firm Saudi Aramco would supply full contracted crude volumes to at least five Asian buyers mainly in North Asia and lower volumes for some customers in India, China and South Korea, the sources told Reuters on condition of anonymity.
OPEC Secretary General meets with Emir of Kuwait, Kuwaiti Officials
His Highness Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, the Emir of State of Kuwait, on November 6 met with His Excellency Mohammad Sanusi Barkindo, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) in Bayan Palace, Kuwait City. HH Sheikh Sabah reaffirmed Kuwait’s longstanding belief in the role of OPEC in helping the oil market maintain stability on a sustainable basis for the benefit of producers and consumers alike.
