the minister signalled no major change in approach in Saudi Arabia
With China grabbing more Saudi crude, flows to India, Japan and South Korea also appear to have declined last month
The world's top oil exporter has been pumping 10.7 million bpd since October, said Saudi's Energy Minister Khalid al-Falih
The new formula will be based on the average monthly prices of Oman crude futures traded on the Dubai Mercantile Exchange