- if this is accurate, this is simply incredible; stand-alone post later -- Bloomberg is reporting that Saudi crude oil shipped to US dropped below 100,000 bopd that would be the lowest in 244 years except for a few outlying years when Saudi Arabia sent zero bbls to the US
- oilprice has the same story here; linking the Bloomberg story;
That Bloomberg link:
American refiners received the least oil from Saudi Arabia since 1985 as a slump in volumes shipped out by the desert kingdom in October are finally reaching U.S. shores.
In October, Saudi Arabia sent just under 100,000 barrels a day of oil to U.S. refineries as shipments to China surged at that time.
Tankers from Saudi Arabia take about six weeks to reach either the Gulf or Pacific coasts of the U.S. Hence, the delivery of just 73,000 barrels a day to U.S. customers last week, as preliminary U.S. Energy Information Administration data show. The volume is the lowest in weekly data available through June 2010, but using monthly figures it would be the least since 1985 when Saudi imports fell to zero for several months.
US oil imports from Saudi Arabia, link here:
