Saudi Arabia expects its crude exports to drop by roughly 100,000 barrels per day in August as the world’s top oil exporter works to ensure it does not push oil into the market beyond its customers’ needs, the kingdom’s OPEC governor said on Thursday. Adeeb Al-Aama said in a statement that Saudi Arabia’s crude oil exports in July would be roughly equal to June levels. There was no mention in the statement of Saudi June crude exports. An industry source familiar with the matter said Saudi oil exports in June were about 7.2 million bpd, while the latest official figures show May exports at 6.984 million bpd. Al-Aama said Saudi Arabia’s policy is to work on satisfying customers’ needs, […]