LONDON, March 5. /TASS/. Saudi Arabia faces the need to cut oil production in two weeks due to storage facilities reaching capacity unless it resumes shipments, the Financial Times (FT) newspaper wrote, citing analysts.
Major producing countries in the Gulf must resume exports before their oil storage facilities are full, according to the publication.
Analysts believe that Saudi Arabia has just two weeks left before it will be forced to cut oil production, the paper noted.