Saudi Arabia Has No Plans To Increase Oil Exports Just Yet

Saudi Arabia is set to keep its crude oil exports in August at the levels from July, although the OPEC+ group is expected to ease the record production cuts as of next month, sources in the industry told Reuters on Monday.   The record 9.7-million-bpd OPEC+ cuts – which were extended once for a month until the end of July – are now set to ease to a total cut of 7.7 million bpd as of August 1.      Currently, there are no indications that the coalition of oil producers would be willing to even…