Saudis Offer Extra Oil in Asia as OPEC Leader Pumps More
- Arab Extra Light said offered to Asia as record output planned
- WTI, Brent crude futures drop more than 1.5 percent on Monday
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Evidence is mounting that Saudi Arabia is heeding U.S. President Donald Trump’s call for OPEC to keep the oil market amply supplied and rein in prices.
The Middle East kingdom is offering extra crude volumes on top of its contractual supplies to some buyers in Asia, according to people with knowledge of the matter, as the OPEC’s defacto leader plans record oil output after unwinding a deal with its allies to curb output.