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Saudis target U.S. for export cuts–the point seems to be reducing market information on stockpiles

Saudi Arabia has told U.S. refiners to expect far lower oil shipments beginning in January. The reduction seems to be targeted not at reducing global stockpiles but at reducing the visibility of those stocks piles. The United States reports the size of oil stock piles weekly. In the rest of the world, the norm is […]

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