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Saudi Oil Imports
Saudi Oil Imports
Previous posted data here.
For November, 2016:
Observations:
- second lowest November in history (November, 2009, global recession)
- almost 20% lower year-over-year
- cut in OPEC production not yet in place; to begin late December, 2016 -- official start January, 2017; to last six months
- compare November, 2016, Saudi imports with March, 2016 -- a 25% drop
- look at November in years 2008, 2009, and 2016
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