Oil exports from Saudi Arabia to the US and China fell sharply

Bloomberg reported a sharp drop in November oil exports from Saudi Arabia to the US and China

A sharp decline in oil exports from Saudi Arabia to the United States and China was recorded in November compared to October, Bloomberg writes on December 1, citing an analysis of information on the movement of ships.

Tanker

Tanker

(ss) Raw2Jpeg

So for the United States, the level of supply fell from 304 to 83 thousand barrels per day, which has not been observed since 2017, when Bloomberg started tracking oil shipments by sea. The flow of raw materials to China decreased in November from 1.9 million to 1.6 million barrels per day. A similar level was recorded by the agency’s specialists in 2020.

However, it is noted that November values ​​could increase if tankers carrying about 18 million barrels of Saudi oil report where they are going.

As reported IA REGNUMEarlier, the Turkish Institute of Statistics (Turkstat) presented data according to which Turkey, in October compared to September, in monetary terms, reduced the import of coal, oil and gas from the Russian Federation by 25%.


Read earlier in this story: Turkey has reduced the import of coal, oil and gas from Russia

.

Be the first to read breaking news on OopsTop.com. Today’s latest news, and live news updates, read the most reliable English news website Oopstop.com

Leave a Reply