Saudi Arabia Begins Oil Output Cuts as Storage Fills Up

This is the big one, yes, Saudi Arabia saying that they started to cut oil output as storage has started to fill up. And you will recall over the course of our reporting of the past week, they had been looking for alternative routes to get this oil out that bypasses the Strait of Hormuz. And they do have that east west pipeline that's available to them for port, a capacity of around 5 million barrels a day.So it could have gone some way towards mopping up some of the production that needed to get out. But t ...