SAUDI ARABIA FOCUSED ON ITS #1 MARKET IN JAN-MAY 2017. VOLUMES ROSE SHARPLY EVEN AS OVERALL JAPANESE IMPORTS FELL

 

INCREASED VOLUMES HAVE FOCUSED ON HIGHER-VALUE LIGHT GRADES, OUTPUT WHICH WAS BOOSTED WITH LAST YEAR’S RAMP-UP AT THE SHAYBAH FIELD

 

HAVING PEAKED IN EARLY 2017, JAPANESE IMPORTS FROM SAUDI DIPPED IN MAY