SAUDIS CUTS OIL
PLATTS - Saudi Arabia expects to cut its oil exports next month but emerging signs of a crude glut in the US are not an indication that the global oil market is currently oversupplied, the kingdom's energy minister Khalid al-Falih said Sunday, attributing a two-week slide in oil prices to trader overreaction.
Still, customer demand for Saudi crude has declined, the minister said just before he co-chaired an OPEC/non-OPEC monitoring committee meeting expected to include discussion of production cuts in 2019.
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