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Saudis Ask OPEC Watchers for Data Change to Abide by Quota
Saudi Arabia is asking the companies that OPEC uses for independent analysis of oil-production levels to submit a lower figure for the kingdom’s June output, according to people familiar with the matter.
Riyadh is arguing that the standard practice — measuring oil production — wasn’t appropriate for the month, and that they should instead adopt a different metric called supply-to-market, said several people at the firms, who asked not to be identified as the process is private.