Saudi crude exports decline in April

Source: Reuters
Saudi Arabia's crude oil outbound shipments slipped to 7.737 million bpd in April, which is 161,000 bpd lower than in March. Crude exports dropped slightly, as local refineries refined 315,000 bpd more than in previous month, when they processed 1.909 million bpd. In addition, in April, Saudi Arabia's oil production marginally increased to the highest output level to date, up 0.014 bpd to 10.308 million bpd. 

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