Arab Today, arab today saudi oil exports rise in june
Last Updated : GMT 15:30:37
Arab Today, arab today
Arab Today, arab today

Saudi oil exports rise in June

Arab Today, arab today

Arab Today, arab today Saudi oil exports rise in June

Riyadh - Arabstoday

Saudi Arabia produced 9.813 million barrels a day (bpd) of crude in June, up about 918,000 bpd from May, while exports rose to their highest level since the financial crisis hit demand in 2008, official Joint Data Initiative (JODI) figures show.Saudi Arabia\'s Oil Minister Ali al-Naimi has said the kingdom would unilaterally produce all the oil needed after OPEC talks over a coordinated increase in production collapsed on June 8.Saudi crude production did surge in June to its highest level since JODI records began in 2002, while exports of 7.378 million bpd are the highest since October 2008. But despite June production levels being higher than any month since the start of 2002, Saudi crude sales fell short of exports often seen until mid-2005, according to official Saudi government data made available through JODI.A more modest 539,000 bpd increase in Saudi exports from May to June 2011 probably reflects increased internal demand for crude for power generation and feedstock demand after the restart of the Rabigh refinery. Rabigh, which can consume up to 400,000 bpd of oil, was shut for maintenance in May.Analysts say Saudi\'s increasing reliance on burning its own crude in power stations to keep a booming population cool has limited its summer exports and squeezed spare capacity.A senior OPEC Gulf delegate told Reuters in early July the kingdom pumped more than 9.8 million bpd in June, but he did not give an export figure.Increasing fears that another global economic slowdown could reduce demand for oil have weighed on prices since late July.The United Arab Emirates produced 2.611 million bpd in June, down from 2.646 million bpd in May, while Kuwaiti crude output rose from 2.55 to 2.60 million bpd in June, according to JODI data.Saudi Arabia\'s Naimi refers reporters to JODI, set up to promote transparency in oil markets, when asked how much the kingdom is pumping. From / Arabian Business News

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today saudi oil exports rise in june Arab Today, arab today saudi oil exports rise in june

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Merna Waleed praises her work with Soad Hosni

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:03 2017 Thursday ,23 March

Spider Venom May Offer Hope to Stroke Victims

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday