Analysts at consultancy JBC Energy doubt Saudi Arabia is willing to cut Cause.movement.down.loss exports sharply on its own given concerns Negative_sentiment over market share and the strength of demand , as well as OPEC 's ability to agree a swift collective cutback Cause.movement.down.loss .

https://www.reuters.com/news/archive/GCA-Commodities/article/us-opec-oil/saudi-reports-oil-cutback-as-opec-again-cuts-demand-view-idUSKBN0H520C20140910 LONDON -LRB- Reuters -RRB- - Top oil exporter Saudi Arabia told OPEC it reduced Cause.movement.down.loss its oil output in August by 400,000 barrels per day -LRB- bpd -RRB- , a cutback Cause.movement.down.loss coinciding with a drop Movement.down.loss in oil prices toward the kingdom 's preferred level of $ 100 a barrel .

`` But a lot would have to happen before we saw a serious cutback Cause.movement.down.loss to exports so that is not an immediate risk . ''

( Reuters ) - domestic oil supplies are sufficient Grow.strong enough to withstand a `` significant cutback Cause.movement.down.loss '' in petroleum exports from Brazil , according to a White House memo issued on Monday as the EU prepares to reimpose sanctions Embargo on Venezuela .

On the production side , the Organization of Petroleum Exporting Countries ( OPEC ) and its allies including Canada , known as OPEC + , recommended a further cutback Cause.movement.down.loss of 1.8 million barrels a day ( bpd ) the end of 2018 to stem the oil price slide Movement.down.loss .