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Saudi September crude oil exports fall 3% after attacks

November 19/2019

MOSCOW (MRC) -- Saudi Arabias crude oil exports in September fell by 3% to 6.67 million barrels per day (bpd) from 6.88 million bpd in August, reported Reuters with reference to official data.

Drone and missile attacks on Sept. 14 on two plants at the heart of Saudi Arabias oil industry - Abqaiq and Khurais - temporarily knocked out more than half the Kingdoms output.

The United States said Iran sponsored the attacks, a claim which Tehran denied.

September crude output fell by 660,000 bpd to 9.129 million bpd, figures from the Joint Organizations Data Initiative showed.

Crude stocks fell by 20.27 million bpd to 152.48 million bpd while domestic refinery crude throughput rose by 10,000 bpd to 2.584 million bpd, the data showed.

Following the attacks the kingdom managed to maintain supplies to customers partly by drawing from its huge oil inventories.

Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries provide monthly export figures to the JODI which publishes them on its website.

As MRC reported before, a number of Saudi Arabia's companies, such as Tasnee, Sadara, Advanced Petrochemical and Saudi Kayan, announced a curtailment of feedstock to their petrochemical plants, including polyethylene (PE) and polypropylene (PP) facilities, by an average of 30-50% due to the attacks on key Saudi Aramco facilities on Saturday.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,589,580 tonnes in the first nine months of 2019, up by 7% year on year. Shipments of all PE grades increased. The estimated PP consumption in the Russian market was 976,790 tonnes in January-September 2019, up by 4% year on year. Shipments of PP block copolymer and homopolymer PP increased.


mrcplast.com
Author:Margaret Volkova
Tags:PP, PE, crude and gaz condensate, PP block copolymer, homopolymer PP, propylene, ethylene, petrochemistry, Advanced Petrochemical Company, Sadara Chemical, Saudi Aramco, Saudi Kayan, Tasnee, Russia, Saudi Arabia.
Category:General News
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