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The OPEC governor in Saudi Arabia said on Thursday that the kingdom was expecting his oil exports to drop by about 100,000 bpd in August while he does not want not exceed the needs of its customers.
Adib al-blind Saudi Arabia in July will be almost equal to the levels recorded in June.
Saudi Arabia's policy is to work to meet the needs of customers but with a commitment to production agreements between OPEC producers and non-member producers.
Although global oil markets are well balanced in the third quarter, inventories are still strongly depreciated due to strong demand
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