Saudi Cuts February Oil Exports To Some Buyers In India, Malaysia To Meet OPEC Deal

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Saudi Arabia has cut February term crude supplies to refiners in India and Southeast Asia, seeking to comply with an OPEC deal, but it has held most of its exports to the rest of Asia steady for a second month, industry sources said on Wednesday. 

State oil giant Saudi Aramco reduced February term supplies of mainly heavy crude to Indian refiners Reliance Industries and Hindustan Mittal Energy Ltd (HMEL), as well as to Malaysia's Petronas, four sources familiar with the matter said.Aramco has also cut oil supplies to another southeast Asian buyer for a second month in February, one of the sources said.