Saudi Arabia will trim oil exports by 500,000 bpd in December, ‘no consensus’ among oil producers to cut output

11/11/2018 (Arab News – KSA): ABU DHABI: Saudi Arabia said it will trim its oil exports by 500,000 barrels per day in December, the country’s energy minister Khalid Al-Falih said as major producers met in Abu Dhabi on Sunday. “The kingdom’s crude exports for December will be 500,000 bpd lower than November,” Saudi Energy Minister Khalid al-Falih told reporters. “We want to enter 2019 with a minimum amount of stocks,” Falih said. Al-Falih’s announcement came as he said oil-producing countries had not yet reached an agreement on cutting output. “There is no consensus yet among oil producers about cutting production,” Al-Falih added…

http://www.arabnews.com/node/1402981/business-economy

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