February supply cut
Posted: 12 January 2005
Top Opec oil producer Saudi Arabia has cut crude allocations to major oil companies with global refining systems in February compared to January, trade sources said, according to a Reuters report.
International markets remain well supplied with crude, traders said, according to the report. However, the sour crude supply glut that was a characteristic of the market last year appears to be easing, they said.
Posted by Editor Pipeline Magazine
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