NEW YORK Saudi Arabia is informing its customers of cuts to their January crude oil supplies to comply with the latest OPEC agreement, according to a PIRA note late on Thursday.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.
(Reporting by Catherine Ngai; Editing by Phil Berlowitz)
This story has not been edited by Firstpost staff and is generated by auto-feed.
Your guide to the latest cricket World Cup stories, analysis, reports, opinions, live updates and scores on https://www.firstpost.com/firstcricket/series/icc-cricket-world-cup-2019.html. Follow us on Twitter and Instagram or like our Facebook page for updates throughout the ongoing event in England and Wales.
Updated Date: Dec 09, 2016 06:45:06 IST