Saudi Arabia seems to have made good on its promise to cut oil production by a record amount in June.
June 30, 2020Brian Wingfield
Government, Business, Fuel, Logistics
Oil tankers are seen off the coast of California on May 1. (Patrick T. Fallon/Bloomberg News)
Saudi Oil Cuts Take Seven Supertankers a Day Off the Market
Oil tankers are seen off the coast of California on May 1. (Patrick T. Fallon/Bloomberg News)
Government, Business, Fuel
An oil tanker is silhouetted against a hazy sky. (Marcelo del Pozo/Bloomberg News)
Saudi Oil Flood to China Persists Despite Historic Cuts
An oil tanker is silhouetted against a hazy sky. (Marcelo del Pozo/Bloomberg News)
An early look at Saudi Arabia’s crude exports for May shows that historic production cuts have done little to squelch the kingdom’s flood of oil to China, which is just getting back on its feet from the coronavirus.
May 29, 2020