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Aramco to Cut June Oil Supplies to Asia by about 7 mln barrels

Source: Reuters 5/9/2017, Location: Middle East

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Saudi Aramco will cut oil supplies to Asia by about 7 million barrels in June, a source with direct knowledge of the matter said.

According to the plan, Saudi Arabia, the world's top oil exporter, will cut supplies by a million barrels each to South East Asia, China and Korea, the source, who did not wish to be identified, told Reuters.

The kingdom will also cut supplies by a little more than 3 million barrels for India and slightly less than a million barrels for Japan, the source added.

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