Saudi oil exports in August fell to the lowest in three years

According to the Saudi economic research institutes recently released a report in August this year, the Saudi oil exports to its lowest level in three years.

JODI said that in August of this year, Saudi exports of 666 million barrels of crude oil a day, down from 698 million barrels in July. Last August, Saudi Arabia 779 million barrels of daily crude oil exports. (Baltimore Orioles Jersey)

The report attributed the sharp decline in Saudi oil exports to the United States to Saudi crude shale oil development extrusion U.S. and Asian markets.

May to August this year, the United States imports from Saudi crude oil daily from 1,000,000 to 120 million barrels. Last June to April this year, the United States imports from Saudi crude oil per day from 1,300,000 to 160 million barrels.

According to reports, the Saudi oil officials said recently that Saudi Arabia is ready to endure long-term low-cost, or even $ 80 a barrel, oil prices may fall to keep the Saudi share in the international oil market.


             The Author: Michael
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