Wednesday 18 December 2019

#SaudiArabia's crude exports rise 5.8% in October: JODI - Reuters

Saudi Arabia's crude exports rise 5.8% in October: JODI - Reuters:

Saudi Arabia’s crude oil exports in October rose 5.8% to 7.06 million barrels per day (bpd), from 6.67 million bpd in the previous month, official data showed on Wednesday.

The country’s total crude output climbed by 1.17 million bpd to 10.30 million bpd in October.

Crude stocks rose by 15.60 million bpd to 168.08 million bpd while domestic refinery crude throughput dipped by 387,000 bpd to a 34-month low of 2.20 million bpd, the data from the Joint Organisations Data Initiative (JODI) showed.

Saudi Energy Minister Prince Abdulaziz bin Salman had said the kingdom’s oil production would recover in October and November to levels above those seen before attacks on its energy installations in September.

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