-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
-
Cosmetic Ingredient
- Water Treatment Chemical
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
Saudi Arabia's oil exports in August will remain unchanged from July, Reuters news, as the oil that Saudi Arabia will increase production next month under the OPEC+ deal will be consumed domestically to meet growing demand
for power generation.
Saudi Arabia regularly burns more oil during the hot summer months, estimated at about 550,000 barrels per day (bpd) for electricity generation
.
This summer, demand for fuel will increase
compared to last year due to movement restrictions due to COVID-19, forcing millions of people to stay home.
The Organization of the Petroleum Exporting Countries (OPEC) and other Russian-led organizations, known as OPEC+, have been cutting oil production since May to a record 9.
7 million bpd
.
Under the agreement, the cuts after July will be reduced to 7.
7 million b/d until December
.
Key OPEC+ ministers, including Saudi Arabia and Russia, will meet on Wednesday as members of the Joint Ministerial Oversight Committee (JMMC) to review the oil market and compliance with the OPEC+ production cut agreement
.
Saudi Arabia's oil exports in August will remain unchanged from July, Reuters news, as the oil that Saudi Arabia will increase production next month under the OPEC+ deal will be consumed domestically to meet growing demand
for power generation.
Saudi Arabia regularly burns more oil during the hot summer months, estimated at about 550,000 barrels per day (bpd) for electricity generation
.
This summer, demand for fuel will increase
compared to last year due to movement restrictions due to COVID-19, forcing millions of people to stay home.
The Organization of the Petroleum Exporting Countries (OPEC) and other Russian-led organizations, known as OPEC+, have been cutting oil production since May to a record 9.
7 million bpd
.
Under the agreement, the cuts after July will be reduced to 7.
7 million b/d until December
.
Key OPEC+ ministers, including Saudi Arabia and Russia, will meet on Wednesday as members of the Joint Ministerial Oversight Committee (JMMC) to review the oil market and compliance with the OPEC+ production cut agreement
.
