Saudis "Have Plenty of Crude"

Ahmed Al-Subaey, Saudi Aramco's marketing director, said the world's top oil exporter was already talking to prospective Indian buyers for additional oil. Saudi Arabia increased production in May to around 10.3 million barrels per day - its highest rate on record - as a result of increased global demand. "We have plenty of crude... You are not going to see any cuts from Saudi Arabia," Al-Subaey told Reuters.