Saudi Arabian oil industry source cited by Reuters 12 July
- keen to see improvements in oil market and accelerate rebalancing
- oil exports to US will fall below 800k bpd in Aug
- oil exports to Asia and Europe will also fall
- Aug oil exports to fall to their lowest level this year at 6.6mln bpd
- will cut shipments to customers by more than 600k bpd in Aug due to rise in demand at home
Oil prices just nudging up a tad again after yesterday's decent rally.
WTI $45.88 Brent $48.26
Saudi cutting oil exports in August
