BR100 Decreased By (-0.15%)
BR30 Decreased By (-0.74%)
KSE100 Decreased By (-0.41%)
KSE30 Decreased By (-0.67%)
BECO 5.80 Decreased By ▼ -0.23 (-3.81%)
BML 58.03 Increased By ▲ 5.28 (10.01%)
BOP 33.85 Decreased By ▼ -0.40 (-1.17%)
CNERGY 8.15 Decreased By ▼ -0.01 (-0.12%)
DCL 11.77 Decreased By ▼ -0.57 (-4.62%)
FCCL 53.35 Decreased By ▼ -0.54 (-1%)
FCSC 5.40 Increased By ▲ 0.18 (3.45%)
FFL 17.89 Decreased By ▼ -0.14 (-0.78%)
FNEL 1.31 Increased By ▲ 0.01 (0.77%)
HUMNL 11.06 Increased By ▲ 0.06 (0.55%)
KEL 8.05 Decreased By ▼ -0.06 (-0.74%)
KOSM 5.45 Increased By ▲ 0.07 (1.3%)
MLCF 87.19 Decreased By ▼ -0.86 (-0.98%)
NBP 184.60 Decreased By ▼ -1.88 (-1.01%)
PACE 11.62 Increased By ▲ 0.90 (8.4%)
PAEL 40.31 Increased By ▲ 0.37 (0.93%)
PIAHCLA 26.10 Decreased By ▼ -0.07 (-0.27%)
PIBTL 17.09 Decreased By ▼ -0.23 (-1.33%)
PPL 228.40 Decreased By ▼ -4.38 (-1.88%)
PRL 34.59 Decreased By ▼ -0.36 (-1.03%)
PTC 67.35 Decreased By ▼ -0.21 (-0.31%)
SEARL 91.00 Increased By ▲ 0.07 (0.08%)
SSGC 26.90 Decreased By ▼ -0.27 (-0.99%)
TELE 8.53 Decreased By ▼ -0.04 (-0.47%)
THCCL 66.14 Increased By ▲ 6.01 (10%)
TPLP 9.29 Increased By ▲ 0.53 (6.05%)
TREET 24.59 Increased By ▲ 0.05 (0.2%)
TRG 71.69 Decreased By ▼ -0.06 (-0.08%)
WAVES 10.98 Increased By ▲ 1.00 (10.02%)
WTL 1.28 Increased By ▲ 0.02 (1.59%)
Markets

Saudi oil exports rose 143,000 bpd in Jan

Published March 18, 2012 Updated March 18, 2012 12:31pm

oil-wellDUBAI: Saudi Arabian oil exports rose 143,000 barrels per day (bpd) in January month-on-month, according to government data published Sunday, as the world's leading crude seller increased supplies to the United States.

Saudi Arabia produced 9.871 million bpd crude in January, 61,000 bpd more than December, while exports rose more than twice as much to 7.507 million bpd, according to the Joint Data Initiative.

Contrary to expectations that the modest rise in the kingdom's output would be mostly sold to Asian or European consumers looking for alternatives to Iranian oil, US government data showed Saudi shipments to North America rose sharply in early 2012.

The United States has urged Saudi Arabia to cover potential shortages when new US and European Union sanctions aimed at reducing Iranian oil exports hit from July.

The kingdom has stepped up efforts to assure edgy markets it will make up any oil supply disruptions at a time of heightened tension over Iran's disputed nuclear programme.

Saudi production fell back to 9.80 million bpd in February, an industry source said.

Copyright Reuters, 2012

Comments

Comments are closed for this article.