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 ...

NIOC has concluded MoUs with Austria’s OMV and Thailand’s PTTEP for undertaking surveys on the oilfield.
Singapore-based Berlanga Group has signed a memorandum of...
Essar’s Oct. Iran Oil Imports Fall
Indian private refiner Essar Oil’s imports from Iran fell by...
Tehran and Dushanbe have discussed the idea of using tracts of land in Tajikistan for cultivating crops to be imported back to Iran.
In his first overseas trip as Iran's energy minister, Reza...
IEA: US to See Most Crude Output Growth in 10 Years
The United States is expected to account for more than 80% of...
Just two offshore companies accounted for 45% of the total owed creditors this year.
Offshore oil drilling and services companies, hurt by the...
S. Arabia’s Falih: 50% of Excess Oil Remain
The world will still have a surplus of oil by the end of March...
Oil Prices Set for Weekly Fall
Oil prices rose on Friday but remained en route for their...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus