Saudi Arabia plans to cut oil exports to the United States

Saudi Arabia plans to cut oil exports to the United States

By By Michael McDonald,   /  Tuesday, June 13, 2017 8:30 AM

Riyadh and the house of Saud have stated their intentions to reduce oil to the United States. This action is being taken in order to reduce oil inventories in the US. According to Saudi Oil Minister Khalid Al-Falih, the near record stockpiles of oil which have accumulated in the United States are preventing a rise

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