Despite Opec restrictions on crude output, Saudi Arabia exported record volumes of products in Q1. MEES crunches the numbers.
Saudi Arabia’s Shift Downstream In Four Key Charts
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IN THIS ARTICLE
Charts
1. Saudi Arabia Cut Crude Output From Jan17 In Line With The 'Opec+' Deal. Crude Exports Fell By Even More…
2. ...As The Country Ramped Up Refinery Runs To Record Levels On The Back Of The 2013-14 Start-Up Of Sophisticated New Capacity.
3. Crude Availability To Refineries Was Also Boosted By The Draw-Down Of Stocks, Which Stood At A 7-Year Low Of 235mn bls As Of End-March…
4: Products Exports Which Have Soared To Successive Records In Each Of The Past Three Quarters. The 1Q18 Record Of 1.89mn B/D Included Quarterly Record Volumes For Diesel (784,000 B/D), Gasoline (375,000), Fuel Oil (362,000) And Jet-Kero (204,000)
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