UBS: Saudi crude oil exports are expected to fall sharply in summer oil market supply will tighten] Giovanni Staunovo and other UBS analysts said in a report that Saudi crude oil exports are likely to fall by a "considerable amount" in July because domestic oil demand is usually high in the summer. Asked about Saudi Arabia's decision to raise the official price of crude oil (OSP) in all regions in July, Staunovo said the higher prices were aimed at ensuring a decline in crude oil exports next month. The additional production cuts in Saudi Arabia should further tighten the oil market this summer. We expect oil inventories to fall even more in the coming weeks to support oil prices.