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Saudi Arabia’s Oil Export Revenues Jump To Three Year High
...art 1), while the $64.2bn Q4 figure was the highest for any quarter since prices first collapsed in late 2014. The increase came despite Saudi Arabia’s crude oil production dipping by 100,000 b/d to an 11-year low of 9.12mn b/d for 2021, with gross oil exports in turn dropping to an 11-year low 7.56mn b/d ac...
Volume: 65Issue: 08Published at Fri, 25 Feb 2022 -
Opec Basket Tops $100/B
...The Opec Basket of crude export grades hit $101.22/B on 24 February, up $5/B on a day earlier as Russia invaded Ukraine and $23/B up on the start of 2022. This marks the first time over $100/B in over seven years – since 1 September 2014. The basket opened up a gap on Brent, which settled at $99...
Volume: 65Issue: 08Published at Fri, 25 Feb 2022