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Saudi Arabia’s oil exports drop in July

by ChemOrbis Editorial Team - content@chemorbis.com
  • 21/09/2015 (17:41)
According to media reports, Saudi Arabia’s crude oil exports declined by 89,000 barrels per day (bpd) in July to 7.276 million bpd. Saudi Arabia’s exports of refined oil products, on the other hand, rose to 1.075 million bpd in July from 1.008 million bpd in June.

Meanwhile, the country’s crude oil production also fell by around 200,000 bpd in on a monthly basis to 10.361 million bdp in July. However, sources reported that Saudi Arabia has no plans of changing its strategy of defending its market share in global oil markets by refraining from production cuts.
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