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Saudi stores more oil as exports dip
- Saudi Arabia: Wednesday, June 20 - 2012 at 11:36
According to statistics Saudi Arabia submitted to the Joint Organisation Data Initiative (JODI), the kingdom has kept more oil in storage in April than at any other time in a decade, as Opec's biggest producer pumped at the highest level for at least 31 years, Bloomberg has reported. Saudi Arabia stored 284 million barrels inside the country in April, 3.8% more than in March, raising inventories to their highest since January 2002, when Saudi Arabia first submitted statistics to JODI.
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StaffWednesday, June 20 - 2012 at 11:36 UAE local time (GMT+4)
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