Bloomberg report said Saudi Arabia is willing to meet all oil orders it received for June including from countries that stopped buying Iranian oil as a result of U.S. sanctions. The report expected that Saudi oil exports for June will remain below 7 million bpd, well under the 10.311 million bpd quota agreed to by Riyadh in the production-cut agreement between OPEC and its allies.

Saudi Arabia to Meet All Orders From Former Buyers of Iranian Oil

Posted On: May 9, 2019

< 1 minute read

Bloomberg report said Saudi Arabia is willing to meet all oil orders it received for June including from countries that stopped buying Iranian oil as a result of U.S. sanctions.

The report expected that Saudi oil exports for June will remain below 7 million bpd, well under the 10.311 million bpd quota agreed to by Riyadh in the production-cut agreement between OPEC and its allies.