Kpler's Bakr says "There are headlines coming out now about Aramco is cutting production from a number of fields, and this a CUT in production. This is NOT accurate, according to our understanding"
Importance
Level 1
- Second post: "The reduction is happening in fields that do not produce Arab light grades which can be exported via the Yanbu terminal. So there is a reallocation of supply that’s happening NOT a CUT."