Saudi oil curbs to target medium, heavy grades over lights - BBG

Bloomberg reporting headlines stating that the Saudi Arabian oil cuts are seen targeting heavy grades over light ones.  

On Thursday, Saudi Arabia, OPEC’s biggest oil producer cut its crude-oil production by at least 486,000 barrels a day since October, as a part of an agreement struck by the OPEC on Nov. 30 to slash production levels in a bid to revive prices.