The world’s top crude oil exporter, Saudi Arabia, will keep supplying at least several refiners in North Asia with full contractual volumes of crude in May, despite the 500,000 bpd Saudi production reduction as part of the latest OPEC+ cuts beginning next month, sources familiar with the plans told Reuters on Monday. Since several major oil producers in the OPEC+ group announced the surprise cuts at the beginning of April, refining customers in Asia have been anxious to learn whether the reduced production will impact the supply of crude,…
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