Trade The World
Increase in Saudi Arabia's Oil production doesn't lead to higher export supply – Commerzbank
Bởi FXStreet Insights Team
Ngày xuất bản: 22 Aug 2025 | Ngày chỉnh sửa: 22 Aug 2025
POPULAR ARTICLES
Saudi Arabia exported less Crude Oil in June despite a significant increase in Oil production, according to data from the Joint Organizations Data Initiative (JODI), Commerzbank's commodity analyst Carsten Fritsch notes.
Saudi Arabia exported less Crude Oil in June despite a significant increase in Oil production, according to data from the Joint Organizations Data Initiative (JODI), Commerzbank's commodity analyst Carsten Fritsch notes.
Additional Oil produced remaines in the domestic market
"Crude Oil exports fell by 50,000 barrels per day compared to the previous month to 6.14 million barrels per day. Oil production, on the other hand, rose by 570,000 to 9.75 million barrels per day."
"This confirms previous statements from Saudi Arabia that the significant increase in Oil production has not led to a higher Oil supply on the world market. Instead, the additional Oil produced remained in the domestic market. Most of it is likely to have gone into storage."
"This is because domestic Crude Oil processing fell slightly to 2.7 million barrels per day, while demand for power generation rose by 185,000 to 674,000 barrels per day. It cannot therefore be ruled out that the Oil in storage will enter the market at a later date."
FXStreet
Hơn một triệu người dùng dựa vào FXStreet để có dữ liệu thị trường thời gian thực, công cụ biểu đồ, góc nhìn chuyên gia và tin tức Forex. Lịch kinh tế toàn diện và các hội thảo web giáo dục giúp nhà giao dịch luôn cập nhật và đưa ra quyết định có tính toán. FXStreet có khoảng 60 nhân sự, chia giữa trụ sở Barcelona và nhiều khu vực toàn cầu.
Read More
