The world’s largest crude oil exporter, Saudi Arabia, has started to cut its crude oil exports after OPEC+ has now reduced its overall target production by 2 million barrels per day (bpd).
Initial tracking and estimates suggest Saudi Arabia has reduced its crude oil exports by more than 400,000 barrels a day so far in November, while OPEC exports are expected to fall by 1 million barrels a day, Bloomberg reported on Thursday, citing oil flow tracking data.
So far in November…
