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Saudi Oil Exports To US Expected To Drop OPEC Cuts

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Saudi Arabia's crude exports into the US are expected to fall by 300,000 barrels per day.According to a Saudi energy ministry official, the cuts are part of OPEC's broader agreement to reduce output.Saudi Arabia has made the largest cuts to production as part of the OPEC deal, reached by the cartel last year.Data from the U.S. Energy Information Administration indicates that imports of crude oil hit 1.3 million bpd last month.Although exports may fluctuate week to week, March averages are expected to to skim 1 million bpd.http://feeds.reuters.com/~r/reuters/t...http://www.wochit.comThis video was produced by YT Wochit Business using http://wochit.com

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Saudi Arabia crude exports crude oil OPEC Saudi Energy Ministry Oil Exports Petroleum United States barrels per day
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