Sources: Saudi Arabia's oil exports seen below 7 mn bpd in summer - RTRS

Reuters quoting industry sources familiar with the matter, saying that the OPEC’s biggest producer’s, Saudi Arabia, crude exports are expected to fall below 7 million barrels per day (bpd) this summer.

Key Points:

Data suggests Saudi exports below 7 mn bpd in May, early June

Saudi said exports especially to US would drop from June

US buyers taking less after selling price raised

Saudi crude burning to fall this summer