Saudis to duel rivals by curbing heavy oil over light crude

The discount of Dubai oil shrank to the smallest in 15 months over Dated Brent this week,

Saudi Arabia is staying in the battle for market share by continuing to pump the type of oil that’s similar to rival US and African supply, while fulfilling its promise to cut output by focusing curbs on other varieties.

The nation plans to idle some fields producing the Arab Medium and Arab Heavy grades to meet its output reduction target, according to people with knowledge of the matter, who asked not to be identified because the information is confidential.

That would help the world’s top exporter concentrate more on selling more-profitable crudes such as Arab Light and Extra Light, adding