Saudi exports fall from two-year high ahead of oPeC cuts

摘要

Dubai-Saudi Arabia cut back on exports of crude oil in December, falling back from a two- year high the month before, as the kingdom began to reduce its supplies in line with OPEC’s agreement. Saudi Arabia, the world’s largest crude exporter, shipped 7.69 million b/d of crude in December, a 548,000 b/d drop from November, when shipments were the highest since November 2016, just before OPEC instituted a production cut deal that began January 2017.