July 1, 2020 / 4:42 AM / 4 days ago

Oman notifies crude customers of 10% cut in allocations for September

DUBAI, July 1 (Reuters) - Oman has told its crude oil term customers of a cut of about 10% in allocations for September loading and delivery, the oil ministry said on Wednesday.

The reduction, of which customers were notified on Tuesday, reflects the Gulf oil producer’s “100% commitment to the OPEC+ alliance by cutting 161,000 bpd, as of September 2020, from Oman’s quota,” the ministry said. (Reporting by Rania El Gamal; Editing by Clarence Fernandez)

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