Saudi Arabia Slashes Oil Exports By 430,000 Bpd As OPEC+ Cuts Output

The world’s largest crude oil exporter, Saudi Arabia, has started to slash its crude exports after OPEC+ is now reducing its overall target production by 2 million barrels per day (bpd).   Initial tracking and estimates suggest that so far in November, Saudi Arabia has reduced its crude oil exports by more than 400,000 bpd, while exports from OPEC could be on course to drop by 1 million bpd, Bloomberg reported on Thursday, citing oil flow tracking data.   So far in November, Saudi Arabia’s oil shipments have dropped by 430,000…