Saudi Arabia Says It Slashed December Oil Production By 300,000 Bpd

OPEC’s largest producer and de facto leader, Saudi Arabia, told the cartel that its December crude oil production dropped by nearly 300,000 bpd from November to 9.594 million bpd, a much steeper decline than OPEC’s secondary-sources estimate of an 111,000-bpd fall, the organization’s Monthly Oil Market Report (MOMR) showed on Wednesday.   Over the past few months, after the mid-September attacks on Saudi oil infrastructure, OPEC’s biggest producer has directly reported to OPEC significantly different production numbers…