SINGAPORE/NEW DELHI Jan 5 State oil giant Saudi
Aramco has started talks with customers globally to discuss
possible supply cuts of up to 7 percent for Saudi crude loadings
in February, three sources with knowledge of the matter said on
The potential supply cuts are aimed at meeting Saudi
Arabia's commitment to cut production in a deal by the
Organization of the Petroleum Exporting Countries to reduce
global oversupply and prop up prices.
Saudi Aramco will be receiving nominations for crude
supplies from its customers in February and is assessing which
grades it could cut, one of the sources said.
Saudi oil buyers are expected to be notified by Jan. 10 of
their respective crude allocations for February.
(Reporting by Florence Tan in SINGAPORE, Nidhi Verma in NEW
DELHI and Rania El-Gamal in DUBAI; Editing by Christian