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Saudi cuts Asian exports
- Saudi Arabia: Thursday, June 15 - 2006 at 16:01
Saudi Arabia has cut oil exports to Asia by over 0.5m bpd since March 2006 to match lower demand from refiners, according to Reuters citing tanker tracker Petrologistics. Production dropped to 9.05m bpd in May, its lowest level this year. The kingdom has long-term contracts to export just under 7m bpd of crude worldwide, industry sources said
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James McInerney, News EditorThursday, June 15 - 2006 at 16:01 UAE local time (GMT+4)
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