09-12-2016 19:46 via uk.news.yahoo.com

Saudis order oil cuts to U.S., Europe before non-OPEC talks

By Rania El Gamal and Alex Lawler VIENNA (Reuters) - Saudi Arabia has told its U.S. and European customers it will reduce oil deliveries from January as Russia signalled that a commitment from non-OPEC producers to join OPEC's output limits still faced challenges. Saudi Arabia told the customers about lower supplies in line with the output reduction agreed by the Organization of the Petroleum Exporting Countries last week, according to a Gulf oil industry source familiar with Saudi oil policy. "
Read more »