RIYADH: Crude oil exports from Saudi Arabia fell by 332,000 barrels per day in May on a monthly basis, the Joint Organisations Data Initiative has revealed. The data showed that 7.05 million bpd were exported, down 4.5 percent from April. The decrease is the biggest in the past 15 months. Crude oil production grew by 97,000 bpd month-on-month to 10.538 million bpd in May.
Saudi Aramco announced acceptances of May-lifting term cargo nominations that were largely in line with nominations, but with slight loading delays, traders said. Saudi Aramco’s term nominations for May were estimated at 400,000-450,000 mt, they added, slightly below shipments in April that were estimated above 500,000 mt. For April-loading cargoes, Saudi Aramco’s acceptances were also .
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