7 August 2018. Saudi Arabia may have started to fill up its oil tanks, export and domestic consumption data suggests, as cited by Bloomberg’s Julian Lee. Traditionally, the summer months are the season of peak local consumption of crude, Lee notes, as air conditioning demand hits a high. However, this year temperatures have been below the five-year average for the period, and exports have not registered any marked increases, either.



At industryabout.com:

Saudi Arabia - Oil and Gas


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