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FINANCIAL NEWS
KSA’s oil outbound shipments grow to 7.3m bpd in Oct
21 Dec 2015
(MENAFN) Saudi Arabia has seen its crude oil exports increase by 253,000 barrels per day in Oct to hit 7.3 million bpd, based on recent reports.
However, data showed that local refineries handled 2.028 million bpd of crude, lower than the September level of 2.501 million bpd.
Furthermore, outbound shipments of refined oil products declined to 1.093 million bpd from 1.190 million bpd in September.
In a different note, electricity consumption dropped in the cited month from the hot summer months when air conditioning use was at peak.
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