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  • 20-12-22

    JODI report: KSA’s crude oil shipments at 30-month peak

    (MENAFN) Saudi Arabia’s crude oil shipments in October surged to 7.77 million barrels a day from 7.72 million bpd in the month before, reaching a 30-month peak as worldwide request surged counter-seasonally in the month, as shown by the most recent figure from the mutual Organizations Data Initiative.

    The report, on the other hand, mentioned that the nation’s crude output dropped by 84,000 bpd in October to 10.96 million bpd.

    According to JODI’s report, it noted that request surge was mainly motivated by earnings in China, US as well as India.

    The report additionally noted that Saudi refinery consumption in the stated month was cut by 14,000 bpd to 2.68 million bpd, whereas overall output shipment for October surged by 137,000 bpd to reach 1.58 million bpd.

    Previously in December, the Organization of Petroleum Exporting Countries and its allies, known as OPEC+, reached a deal to sustain the current situation on production.

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