NEW DELHI, May 9 (Reuters) - Saudi Aramco will cut oil supplies to Asia by about 7 million barrels in June, a source with direct knowledge of the matter said.
According to the plan, Saudi Arabia, the world’s top oil exporter, will cut supplies by a million barrels each to South East Asia, China and Korea, the source, who did not wish to be identified, told Reuters.
The kingdom will also cut supplies by a little more than 3 million barrels for India and slightly less than a million barrels for Japan, the source added. (Reporting by Nidhi Verma; Editing by Dmitry Zhdannikov and Mark Potter)
Our Standards: The Thomson Reuters Trust Principles.