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

USDCAD Technical Analysis – Key support zone in sight
Lululemon shares plunge 16% on weak guidance, slowing North America growth
What are the technical saying for the major currency pairs going into the new trading week
Oil steadies as markets weigh Russian supply woes
Falling fertility rates pose major challenges for the global economy, report finds

Leave a Reply

Your email address will not be published.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