The average for the previous eleven months this year: 871,000 bopd.
December (most recent month for which data is posted): 842,000 bopd
Previous eleven Decembers: 951,000 bopd.
December, 2018: most recent month for which data is posted: 842,000 bopd.
A lot of talk about how much Saudi Arabian exports to US have declined, but in the big scheme of things, not that remarkable so far. Also, the US needs heavy oil which they used to get from Venezuela; Saudi Arabia is said to be taking advantage of the loss of Venezuela heavy oil, but again, so far, not particularly remarkable.
No comments:
Post a Comment