FX

Saudi Arabia to supply full July crude oil volumes to buyers in Asia – Reuters

Saudi Arabia is expected to supply full crude oil volumes to buyers in Asia next month, Reuters reports, citing sources with knowledge of the matter.

Separately, the Kingdom reported its production numbers for May, noting that it has pumped 8.544 million barrels per day (bpd) against the target of 8.482 million bpd for the month.

This suggests that OPEC’s top oil exporter unwound its extra oil production faster than the industry’s expectations.

more to come …

Articles You May Like

Market Calm Restored After Middle East Tensions Subside
Fed’s Goolsbee: Makes sense to wait to get more clarity before moving
Gold jumps Rs 400 to breach Rs 74k mark, silver hits fresh peak
Procter & Gamble sales disappoint as price hikes slow down
Something strange has been happening with jobless claims numbers lately

Leave a Reply

Your email address will not be published. Required fields are marked *