Saudi Arabia has two weeks to avoid cutting oil output — FT
Business & Economy
March 05, 11:07
According to the publication, major producing countries in the Gulf must resume exports before their oil storage facilities are full
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.