Saudi industry source: Aug oil exports to fall to their lowest level this year - RTRS

Reuters quoted a Saudi Arabian oil industry source, expecting that Saudi’s Saudi August oil exports to fall to their lowest level this year at 6.6m bpd.

Key Headlines:

Will work closely with other producers to stabilise oil market

Keen to see improvements in oil market and accelerate rebalancing

Oil exports to US will fall below 800k bpd in Aug

Oil exports to Asia and Europe will also fall

Aug oil exports to fall to their lowest level this year at 6.6mln bpd

Will cut shipments to customers by more than 600k bpd in Aug due to rise in demand at home