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Tag Archives: a producer of medium to heavy crude oil

Saudi Arabia to primarily cut heavy oil production – BofA Merrill Lynch

Saudi Arabia, a producer of medium to heavy crude oil, should account for 40 per cent of the pledged cut, reducing output from 10.63 million b/d in November to 10.05 million b/d by 2Q17. Crude oil light-heavy spreads have widened over the past couple of years following Saudi’s decision to engage in a market share war with the US shale ...

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