FINANCIAL NEWS

Saudi’s oil exports grow to 7.62mn bpd

21 Sep 2016

(MENAFN) Saudi Arabia’s oil exports increased in July this year as the kingdom recorded high levels of crude, keeping the global market well supplied.Moreover, the oil exports in the cited month grew to 7.26mn barrels per day from 7.456mn bpd in June.Additionally, the kingdom posted a record high 10.673mn bpd in the same month, up from 10.55mn bpd in June due to summer demand.Accordingly, OPEC and other major oil producers were close to reaching a deal on price stability that will be proclaimed later this month.

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