Saturday 8 December 2018

UPDATE 1-Saudi oil exports seen down 1 mln bpd in Jan from Nov levels - sources | Reuters

UPDATE 1-Saudi oil exports seen down 1 mln bpd in Jan from Nov levels - sources | Reuters:

Saudi Arabia’s crude oil exports are expected to drop next month by some 1 million barrels per day (bpd) 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.

The sources did not give a figure for December oil exports.

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