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Saudi Arabia increases oil exports to 10.6 million bpd

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Mon, 2020-03-30 16:07

RIYADH: Saudi Arabia’s energy ministry said the Kingdom intends to increase its crude oil exports starting in May, by about 600,000 barrels per day.
This will bring the Kingdom’s total petroleum exports to 10.6 million barrels per day, a ministry spokesman said. 
This increase came as a result of displacing crude with natural gas from the Al-Fadhili gas plant, as a fuel for generating electricity and also the decrease in local demand for petroleum products as a result a reduction in transportation due to precautionary measures taken to limit the coronavirus outbreak.

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Oil-rich wealth funds seen shedding up to $225 billion in stocks

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via AN