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FinancialNews


  • 04-08-18

    Saudi Arabia crude oil supply shrinks in July

    (MENAFN) Top oil exporter Saudi Arabia has produced about 10.290 million barrels per day of crude in July, dropping by nearly 200,000 bpd from a month earlier, according to two OPEC sources.

    The sources added that the quantity of oil provided to the market in July was a bit higher at 10.380 million bpd.

    The Organization of the Petroleum Exporting Countries was informed by Saudi Arabia that it has supplied 10.488 million bpd of crude oil in June, growing by 458,000 bpd from the production statistics it delivered for May.

    Yet, crude pump to the market in June topped the wellhead production at 10.579 million bpd, a number which includes domestic consumption and all exports, with storage tanks among them.

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