Saudi Aramco will maintain oil volumes to clients in Asia despite the recently agreed OPEC+ production cuts, Reuters has reported, citing unnamed sources in the know. OPEC+ agreed to implement a nominal production cut of 2 million barrels daily, with the actual output reduction at between 1 million bpd and 1.1 million bpd, according to Saudi energy minister Abdulaziz bin Salman. Most of the reduction will be implemented by Saudi Arabia, the UAE, and Kuwait. Most of the other members of the extended alliance are already producing below their targets.…
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