Saudi Arabia empties domestic crude tanks

LONDON – Saudi Arabia has been progressively reducing its bloated domestic stocks of crude in a sign the global oil market is rebalancing, albeit more slowly than OPEC anticipated. Saudi Arabia’s domestic crude stocks declined in 16 of the 19 months between November 2015 and May 2017 according to government data reported to the Joint […]

Continue reading this article with a Fiji Times online membership.

More Stories