Monday 20 May 2013

Saudi Arabia to import near record high diesel this summer

"Saudi Arabia will import near record high diesel volumes this summer, as it gears up to beat the sweltering heat and meet rising travel needs during the Muslim fasting month of Ramadan, trade sources said.

State oil giant Saudi Aramco will import up to 8.9 million barrels of diesel in June, up from an estimated 6.7 to 7.5 million barrels in May, according to the sources, who expect at least the same volume or higher to be booked for July.

Top oil exporter Saudi Arabia shipped in record diesel volumes of 8.99 million barrels in July, 2011, up from 8.13 million in June that year, government data published from 2002 through the Joint Organisations Data Initiative showed."

'via Blog this'

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