(Bloomberg) -- Crude oil rose in New York after
Saudi Arabia, the world's biggest exporter, told Asian refiners
that it would curb shipments for a ninth month in July.
Saudi Aramco, the world's largest state oil company, will
cut supplies of its Arab Light and Arab Heavy crude to refiners
in Japan, China and South Korea by between 9.5 percent and 10
percent below their contracted volume, officials said. The
Organization of Petroleum Exporting Countries last year pledged
to cut supplies by 1.7 million barrels a day to support prices.
Read more at Bloomberg Commodities News
Saudi Arabia, the world's biggest exporter, told Asian refiners
that it would curb shipments for a ninth month in July.
Saudi Aramco, the world's largest state oil company, will
cut supplies of its Arab Light and Arab Heavy crude to refiners
in Japan, China and South Korea by between 9.5 percent and 10
percent below their contracted volume, officials said. The
Organization of Petroleum Exporting Countries last year pledged
to cut supplies by 1.7 million barrels a day to support prices.
Read more at Bloomberg Commodities News
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