PIRA: Saudi Arabia tells oil buyers of cuts after OPEC deal - RTRS

According to a PIRA note published late-Thursday, Saudi Arabia informed its customers of cuts to their January crude oil supplies to comply with the latest OPEC agreement, Reuters reports.

PIRA adds in its note that cuts will be to varying degrees, but is likely to be larger to North America due to lower margins.

PIRA energy group provides worldwide energy market analysis.