• $
  • £

Saudi Arabia tells oil buyers of cuts after OPEC deal

Saudi Arabia tells oil buyers of cuts after OPEC deal
09.12.2016 09:30
Saudi Arabia is informing its customers of cuts to their January crude oil supplies to comply with the latest OPEC agreement, Reuters reported.

The note adds that cuts will be to varying degrees, but is likely to be larger to North America due to lower margins.

Last week, members of the Organization of the Petroleum Exporting Countries agreed to scale back output, its first cut since 2008.

www.ann.az
Similar news
Similar news
SOCAR Polymer Exports Reach Over $154M in Jan–Jul 2026
Business 18:00
SOCAR Polymer Exports Reach Over $154M in Jan–Jul 2026
Azerbaijan's Agricultural and Agro-Industrial Exports Grow 22.8% to $896 Million
Business 17:29
Azerbaijan's Agricultural and Agro-Industrial Exports Grow 22.8% to $896 Million
11 Azerbaijani Crew Members Rescued from Sinking Cargo Ship off Turkish Coast
Business 15:30
11 Azerbaijani Crew Members Rescued from Sinking Cargo Ship off Turkish Coast
Gold Holds Steady as Silver Climbs Ahead of Fed Remarks
Business 14:00
Gold Holds Steady as Silver Climbs Ahead of Fed Remarks
SOCAR Deploys Cutting-Edge 'HD OBN' 3D Seismic Technology for the First Time
Business 13:30
SOCAR Deploys Cutting-Edge 'HD OBN' 3D Seismic Technology for the First Time
Central Bank of Azerbaijan sets official exchange rates
Business 11:00
Central Bank of Azerbaijan sets official exchange rates
Commercial Vessel Catches Fire in Black Sea, 12 Crew Members Rescued
Business 10:00
Commercial Vessel Catches Fire in Black Sea, 12 Crew Members Rescued
Azeri Light crude rises above $92 per barrel
Business 09:30
Azeri Light crude rises above $92 per barrel
Brent Slides for Fourth Day as Urals Drops to $64.32 on Hormuz Diplomacy
Business 13:30
Brent Slides for Fourth Day as Urals Drops to $64.32 on Hormuz Diplomacy
Anews TV

Our official Youtube channel

Subscribe