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Wednesday, August 2, 2017

Saudi Arabian exports are an important side story in the US oil report

Saudi exports to the US rise Saudi Arabia has promised to cut supplies to the US as part of its efforts to rebalance the market. According to Bloomberg, average shipments to the US over the past year have been 1.088 million barrels per day. Last week, it shipped 1.174 mbpd, which is the highest since late May.
Saudi Arabian exports are an important side story in the US oil report

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