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Friday, 3 March 2017

Saudi Arabia Still Bears Brunt of Oil Cuts as OPEC Output Drops - Bloomberg

Saudi Arabia Still Bears Brunt of Oil Cuts as OPEC Output Drops - Bloomberg:

"Saudi Arabia continued to lead OPEC’s efforts to cut production, helping the organization get closer to a goal set out in a historic accord last year. Riyadh lowered oil supply by 90,000 barrels a day from a month earlier to 9.78 million in February, according to a Bloomberg News survey of analysts, oil companies and ship-tracking data. It was the second month in a row that the world’s biggest crude exporter pumped below its own target of 10.06 million barrels a day."



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