Odd... I just read here on FR yesterday Saudi was cutting production
“I just read here on FR yesterday Saudi was cutting production”
From the same source too - Oilprice.com
I think the other report was that the Saudis were not significantly refilling their storage tanks (stockage levels were blow average), even though they had said that they would increase production. They may just have some logistical delay, but were moving to to turn up the flow soon. Or maybe they are already shipping more out, rather than storing it.
Going out and signing deals to deliver more (which this article reports), does show that they intend to produce more.