Saudi Aramco to maintain full oil supplies to Asia in Nov despite OPEC+ cuts

Saudi Aramco has told at least seven customers in Asia they will receive full contract volumes of crude oil in November ahead of the peak winter season, several sources with knowledge of the matter said on Monday (Oct 10).
The producer is keeping supplies to Asia steady despite likely production cuts by tapping on inventories, the sources said.
The full supply allocation comes despite a decision by the Organization of the Petroleum Exporting Countries and allies including Russia, known as OPEC+, to lower their output target by 2 million barrels per day.
Saudi Energy Minister Abdulaziz bin Salman had said the real supply cut would be about 1 million to 1.1 million bpd.