FINANCIAL NEWS

Saudi crude exports decrease in December

19 Feb 2015

(MENAFN) Saudi Arabia’s crude oil exports declined in Decenber by 362,000 barrels per day to 6.934 million bpd from 7.296 million bpd in the previous month, official data showed, Gulf Daily News reported.

In December, the kingdom maintained crude oil production little changed at 9.630 million bpd from 9.610 million bpd in November, data published by the Joint Organizations Data Initiative said.

However, refineries processed 2.217 million bpd in December, up from 1.809 million bpd in November. Exports of oil products grew to 1.050 million bpd in December from 878,000 bpd in November.

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