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Saudi Arabia set to cut oil supply to US Bloomberg

The kingdom’s steepest drop in production since 2011 would tighten Western markets, the news agency has predicted

Saudi Arabia could slash oil exports to the US in July, which would result in the tightening of Western markets, Bloomberg reported on Monday.

The kingdom is set to unilaterally reduce its crude production next month by 1 million barrels per day (bpd), which equates to a 10% dro