Saudi Arabia s April crude exports slip to 10-month low reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Saudi Arabia’s March crude exports fall to 9-month low
Saudi Arabia’s March crude oil exports fell to the lowest level since June 2020, while output dipped, official data showed.
Total crude exports fell to 5.427 million barrels per day from 5.625 million bpd in February, while crude output was at 8.138 million bpd in March versus 8.147 million bpd the previous month, data showed.
Monthly export figures are provided by Riyadh and other members of the Organization of the Petroleum Exporting Countries (OPEC) to the Joint Organizations Data Initiative (JODI), which published them on its website.
The world’s top crude oil exporter started easing supply cuts to buyers in May as OPEC+ stuck to plans for a phased roll-back of oil production restrictions from May to July.
Saudi Arabia s Crude Exports Fall to 9-Month Low in March aawsat.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aawsat.com Daily Mail and Mail on Sunday newspapers.
Fujairah data: Oil product stocks surge to 8-week high, led by heavy distillates
Stockpiles of oil products at the UAE port of Fujairah rose 13.5% in the week to April 19, marking an eight-week high, with the biggest increase recorded in heavy distillates, the latest data from the Fujairah Oil Industry Zone showed.
The total stockpile stood at 21.656 million barrels, up by 2.569 million barrels from a week ago and the highest since Feb. 22, when it was at 23.180 million barrels, according to the data provided exclusively to S&P Global Platts on April 21.
Heavy distillates stockpiles, including fuel for power generation and bunkers, increased by almost 30% to 12.946 million barrels, the highest level since Sept. 7, 2020, the data showed.
Dubai Stockpiles of oil products at the UAE port of Fujairah rose 13.5% in the week to April 19, marking an eight-week high, with the biggest increase recorded in heavy distillates, the latest data from the Fujairah Oil Industry Zone showed.
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The total stood at 21.656 million barrels, an uptick of 2.569 million barrels from the previous week, according to the data provided exclusively to S&P Global Platts on April 21.
Heavy distillates, including fuel for power generation and bunkers, increased by 29.5% to 12.946 million barrels, the highest level since mid-September, the data showed.