Saudi crude exports expected at 7.3 mln bpd in Jan, down 1 mln bpd from Nov

Ersin Çelik
16:478/12/2018, Saturday
U: 8/12/2018, Saturday
REUTERS
eneral view of Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia
eneral view of Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia

Saudi Arabia’s crude oil exports are expected to drop next month by some 1 million barrels per day from November levels, two sources familiar with the matter said on Saturday. The world’s top oil exporter is expected to ship about 7.3 million bpd in January, one of the sources said, due to softening seasonal demand and as Riyadh follows through on a global deal to cut output to prevent a build up in oil supplies.

#Saudi Arabia
#Crude
#Oil