FINANCIAL NEWS

Saudi oil exports decrease to 7.4m pbd in April

21 Jun 2016

(MENAFN) Saudi crude oil exports has fell in April even with high production levels in the same month, a local associated report said.

The report also mentioned that more crude was used domestically for power generation and to cover increasing demand from local refineries.

In numbers, crude outbound shipments in April plunged to 7.444 million barrels per day from 7.541 million bpd over March, official data reported.

Saudi domestic crude inventories plummeted to 290.858 million barrels in the cited month from 296.659 million barrels a month earlier, according to the same report.

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