SAUDI ARABIA ACHIEVES SEPTEMBER OUTPUT DROP TO QUOTA TARGET WITHOUT NEED FOR FORCE MAJEURE CUT

Saudi Arabia has now settled all its problems with regard to excess nominations for September by amicable agreement with its customers and production for the month will fall within the OPEC quota of 4.353mn b/d without any need to resort to force majeure as a means of enforcing a pro rata cutback in Siftings, MEES is authoritatively informed.

Adjustment of the September nominations to meet the...