*Latest data from Jodi confirm that Saudi Arabia’s crude exports soared to a two-year high of 8.235mn b/d for November, up over 530,000 b/d on October. The move came as Saudi Arabia was ramping up output ahead of setting a benchmark for December ‘Opec+’ meeting in which production allocations were set (MEES, 7 December 2018). Energy Minister Khalid al-Falih attributes the increase to buyers of Iranian crude having expected the US to deny import waivers from November (MEES,...
Saudi: Pre-Deal Deja-Vu With Output, Export Records
Published on Fri, 25 Jan 2019 - Volume: 62 Issue: 04Print
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