26 Feb '17, 5pm

Saudi Arabia and Iraq Crude Exports to US Hit Five-Year High

Toward the end of 2016, high production in Saudi Arabia and Iraq, coupled with low domestic demand in Saudi, contributed to the crude export volumes. Saudi exported 8.3 million barrels per day (Mmbpd) in November – its highest volume since May 2003 – before dropping to 8 Mmbpd in December, EIA said in a recent brief. Iraq’s exports hit a record high of almost 4.1 Mmbpd in November, which continued through December.

Full article: http://peakoil.com/production/saudi-arabia-and-iraq-crude...

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