The market hasn’t seen the full impact of Saudi Arabia’s extra production cut, which could lead to a drastically tighter market if the world’s top crude oil exporter keeps export levels low, according to Vortexa.
On Tuesday, Saudi Arabia said it would extend its 1 million bpd cut through December. The move reinforces “the precautionary efforts made by OPEC Plus countries with…
This story from oilprice.com was posted on 2023-09-08 by @seabree.