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EIA: Saudi Arabia’s crude oil supply rises

Oil&Gas Materials 14 October 2016 11:55 (UTC +04:00)
Saudi Arabia’s crude oil supply, excluding condensates, stood at 10.59 million barrels per day in the third quarter of 2016, as compared to 10.22 million barrels per day in the same period in 2015.
EIA: Saudi Arabia’s crude oil supply rises

Baku, Azerbaijan, Oct.14

By Leman Zeynalova – Trend:

Saudi Arabia’s crude oil supply, excluding condensates, stood at 10.59 million barrels per day in the third quarter of 2016, as compared to 10.22 million barrels per day in the same period in 2015, according to the forecasts of the US Energy Information Administration (EIA) published in its October Short-Term Energy Outlook (STEO).

The country’s daily oil supply amounted to 9.98 million barrels and 10.33 million barrels in the first and second quarters of 2016, as compared to 9.73 million barrels and 10.07 million barrels, in the same periods in 2015, respectively, said the report.

The country’s crude oil supply stood at 10.01 million barrels per day in 2015, according to the EIA estimates.

This is while Iraq’s daily oil supply was 4.42 million barrels in the third quarter of 2016, as compared to 4.30 million barrels in the same period in 2015, said the Energy Information Administration.

This figure totaled 4.03 million barrels per day in 2015, according to the report.

When coming to Libya, the EIA said that this country’s crude oil supply stood at 0.29 million barrels per day in the third quarter of 2016, as compared to 0.38 million barrels per day in the same period in 2015.

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