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How Deep Will Saudi Cut Its Oil Output? To the Lowest Since 2015

  • Oil sales seen more than 1 million barrels lower than year ago
  • Aramco to pump about 9.77 million barrels a day in November
Bloomberg business news

Saudi Arabia Preps Export Curbs as Oil Demand Climbs

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Saudi Arabia has promised to do “whatever it takes” to end the global oil glut. If it cuts supplies in November by as much as it pledges, the kingdom will reduce production and exports alike by more or less a million barrels a day compared with last year.

And that’s about all the world’s biggest oil exporter -- and linchpin of a global plan to bolster crude markets -- can do to prop up prices: pump and sell less of the stuff.