64762
Saudi Crude Exports Rise
Saudi Crude Exports Rise

Saudi Crude Exports Rise

Saudi Crude Exports Rise

Saudi Arabia's crude oil exports rose by 275,000 barrels per day in March from February, and it built stocks that month despite a fall in crude production, official data showed on Thursday. OPEC's biggest producer exported 7.232 million bpd in March, up from 6.957 million bpd in February, according to data from the Joint Organizations Data Initiative. It pumped 9.90 million bpd in March, down from 10.011 million bpd the month before, Reuters reported. Riyadh led OPEC and other producers in December to curtail output and drain a supply glut. OPEC is curbing its output by about 1.2 million bpd from Jan. 1, the group's first reduction in eight years. Russia and 10 other non-OPEC producers agreed to cut half as much. Despite the rise in Saudi crude exports in March, shipments are down around 300,000 bpd when compared with the same month last year, according to the JODI data. Saudi crude inventories rose to 267.854 million barrels in March from 264.704 million barrels in February, the JODI data showed.

 

Short URL : https://goo.gl/ITEuSh
  1. https://goo.gl/JBR0tO
  • https://goo.gl/h0L0pY
  • https://goo.gl/oPGwUd
  • https://goo.gl/G8gzlD
  • https://goo.gl/gHz7hG

You can also read ...

Iran Confident of Oil Price Rebound
The unexpectedly negative reaction of global markets to OPEC's...
Turkmenistan increased gas prices to Iran nine-fold in December.
The National Iranian Gas Company will proceed with a complaint...
Bijan Namdar Zanganeh talks to reporters in Vienna on May 25.
Tehran hopes to sign groundbreaking deals with oil majors such...
The mega gas project is being developed in 24 phases.
Completion of the giant South Pars Gas Field in the Persian Gulf...
Hydropower Dam Opens in Lorestan
A hydroelectric dam in the western Lorestan Province was...
Ivory Coast Interested in Buying Oil
Ivorian Oil Minister Thierry Tanoh communicated his country's...
NIOC Owes Austrian Co. $48m
The National Iranian Oil Company still owes Austrian oil and gas...
OPEC, Non-OPEC Extend Output Cuts for 9 Months
OPEC and non-members led by Russia decided on Thursday to extend...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus