Saudi Arabia to Keep Output Unchanged in July

Saudi Arabia, the world’s top crude exporter, will supply full contracted volumes of crude oil to at least two Asian term buyers in August, unchanged from July, industry sources familiar with the matter said on Monday.

The move was expected as the OPEC kingpin has supplied full contractual volumes to most Asian buyers since late 2009.

via Reuters

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, he established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza