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Kuwait to reduce Asian crude oil supply

Kuwait has announced its intentions to reduce crude oil supplies to Asia in the first quarter of 2011

Reuters , Tuesday 30 Nov 2010
Views: 1336
Views: 1336

Kuwait will cut its crude oil supplies for Asia, during the period from January to March 2011. Despite this cut, supplies will still be above the contracted quantities by five per cent, said a source familiar with Kuwait on Tuesday.

Another Asian buyer of Kuwait's crude oil had not received notification of the allotment, said another source.

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