Free Trial

Saudi Crude Exports Seen Slipping May

OIL

Saudi Arabia’s crude oil exports have been falling in May as voluntary production cuts take hold.

  • Kpler’s data shows Saudi crude exports are likely to average 6.48 million bpd in May, a sizeable drop from April.
  • It pegged April Saudi crude exports at 7.58 million bpd, up 390,000 bpd from March.
  • Saudi Arabia told OPEC it produced 10.46 million bpd in April, below its quota in the OPEC+ agreement. A Reuters survey also placed Russian production below its quota.
  • The next OPEC+ meeting to review output policy is on June 4.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.