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Saudi Oil Output Falls to 19-Month Low as Exports Decline

Bloomberg -- Saudi Arabia’s crude oil output fell in December to a 19-month low as the biggest OPEC producer shipped less oil and local use of crude dropped, according to the Joint Organizations Data Initiative.

The country exported 7.06 million barrels of crude a day in December, 1.3 percent less than the previous month, JODI reported, citing statistics the government submitted to the Organization of Petroleum Exporting Countries. It pumped 4.8 percent less in the month to 9.03 million barrels a day.

The kingdom burned 303,000 barrels a day at power plants in December, the lowest level in 10 months, according to the data. That is 29 percent less than what it burned a year ago.

The country, which burns crude to produce electricity and desalinate water, is seeking increasingly to use natural gas as a


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Submitted Feb 17, 2013 By: EZExit
Category: Daily News Article Discussions > Topics Add to favorite topics  
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REPLIES (newest first) Post a Reply
seatroad
Champion Author Chicago

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Message Posted: Jun 10, 2013 4:43:51 PM

whatever
Bearcat500
Champion Author Cincinnati

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Message Posted: May 5, 2013 8:03:12 PM

Ok
seatroad
Champion Author Chicago

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Message Posted: Apr 26, 2013 2:23:59 PM

1
seatroad
Champion Author Chicago

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Message Posted: Mar 9, 2013 2:08:56 PM

sure
heydano67
Champion Author California

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Message Posted: Mar 5, 2013 1:19:45 AM

lets sell them some CNG at $60 a unit
tomok
Champion Author Portland

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Message Posted: Mar 5, 2013 12:33:33 AM

Saudi Oil Output Falls to 19-Month Low as Exports Decline! The Saudis are affected by world oil production, cut back their oil production and have a 19 month low output too. A bad world economy and less demand for their crude oil, they cut back their oil production to try to raise the price of oil. After charging extra for their oil for so long and now they are feeling the pinch of a lower income. I feel for them – NOT!
What goes around, comes around.
Drive vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
seatroad
Champion Author Chicago

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Message Posted: Feb 25, 2013 2:24:01 PM

true
honda0105
Champion Author Tallahassee

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Message Posted: Feb 23, 2013 5:57:32 AM

it's not as bad as it may appear on the surface.
seatroad
Champion Author Chicago

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Message Posted: Feb 22, 2013 2:33:10 PM

not good at all
58salty
Champion Author Jacksonville

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Message Posted: Feb 18, 2013 4:39:19 PM

This is NOT good. China is unseeing so much more, we are going to the summer blend of gas so refineries are shut down all that can happen is the price we pay will keep going up, up, up.

God help us.
HawaiianGuy
Champion Author Idaho

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Message Posted: Feb 18, 2013 12:57:45 PM

Gee, you don't think this could be due to the poor state of the world economy, would it?
JohnLM
Champion Author Orlando

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Message Posted: Feb 18, 2013 4:13:09 AM

It doesn't matter, drill more. Whine less.
carloco75
Champion Author Richmond

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Message Posted: Feb 17, 2013 11:15:02 PM

As it should..!
10k
Champion Author North Carolina

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Message Posted: Feb 17, 2013 10:53:55 PM

is today "repeat day", or sumfin ??..put sand on your corn flakes, and douse it with your crude..

crunch, crunch..
Fawkes77
Rookie Author Oakland

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Message Posted: Feb 17, 2013 10:42:15 PM

blah
KrsnaDragon
Champion Author Montreal

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Message Posted: Feb 17, 2013 10:36:51 PM

Old 'news'.
obimerrill
Champion Author Cincinnati

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Message Posted: Feb 17, 2013 10:35:10 PM

Poor Saudis...NOT
jcdakota
Champion Author Baltimore

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Message Posted: Feb 17, 2013 10:31:13 PM

Lower the price and it will move!!!!
bell013
All-Star Author Atlanta

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Message Posted: Feb 17, 2013 10:29:32 PM

Old news.
tedjm1
Champion Author New York

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Message Posted: Feb 17, 2013 10:25:35 PM

Smart dealers. Put their hands into lots of financial prospects. They make out great. You dom't know how wealthy these royals are.
wayoung56
Champion Author Alabama

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Message Posted: Feb 17, 2013 10:24:54 PM

Hmmm...
Trudat316
Veteran Author Missouri

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Message Posted: Feb 17, 2013 10:22:14 PM

Actually, this might not ONLY be an issue of greed, by limiting output. I heard 25 years ago, that after pumping full-out for several decades, the Saudis were terrified of running out of their chief export, oil. That's why they've been trying to diversify their economy by quietly buying many American and European companies, and so on. They know that they'll be tapped out one day. The huge oil reserves are in Iraq.
kgbellman
Champion Author Ann Arbor

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Message Posted: Feb 17, 2013 10:22:11 PM

So exports drop because they kept playing with prices and countries are becoming self sufficient
Cableman66
Champion Author North Carolina

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Message Posted: Feb 17, 2013 10:22:03 PM

Old news.
MN1
Champion Author Twin Cities

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Message Posted: Feb 17, 2013 10:20:05 PM

Will have to cut back to only one new Lambo per year.
BEGTWO
Champion Author Maryland

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Message Posted: Feb 17, 2013 10:17:33 PM

It won't hurt them!
bridgerunner
Champion Author Virginia

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Message Posted: Feb 17, 2013 10:16:44 PM

Too bad.
crreed1
Champion Author West Virginia

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Message Posted: Feb 17, 2013 10:15:24 PM

old news
bell05
Champion Author Atlanta

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Message Posted: Feb 17, 2013 10:14:47 PM

old news
heartbroken2010
Champion Author Ottawa

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Message Posted: Feb 17, 2013 10:13:35 PM

change of pace i guess.
yyc2yow
Champion Author Ottawa

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Message Posted: Feb 17, 2013 10:13:27 PM

$ going up again
mcbrownie220
Sophomore Author Toledo

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Message Posted: Feb 17, 2013 10:13:25 PM

ok
PrinceLH
Champion Author Ontario

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Message Posted: Feb 17, 2013 10:13:03 PM

See what happens when we become energy independent?
GRUMPY55
Champion Author California

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Message Posted: Feb 17, 2013 10:13:00 PM

old news
boatfloyd
Champion Author Jacksonville

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Message Posted: Feb 17, 2013 10:12:36 PM

Controlling the supply?
76chevy
Champion Author Toledo

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Message Posted: Feb 17, 2013 10:11:58 PM

Price up, economy down.
pa79th
Champion Author Pennsylvania

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Message Posted: Feb 17, 2013 10:11:44 PM

Old news leftover from yesterday!
regout
Champion Author Quebec

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Message Posted: Feb 17, 2013 10:11:07 PM

The oil is still to high.
gocatgo
Champion Author South Carolina

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Message Posted: Feb 17, 2013 10:09:54 PM

Gotta get that oil price up.
Math6149
Champion Author Jacksonville

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Message Posted: Feb 17, 2013 10:09:47 PM

Price hike coming up.
Tigercat88
Champion Author North Carolina

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Message Posted: Feb 17, 2013 10:09:46 PM

SO WHAT!!!!!!
jetskijerry
Champion Author North Carolina

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Message Posted: Feb 17, 2013 10:09:30 PM

prices go up
Glock26
Champion Author Dayton

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Message Posted: Feb 17, 2013 10:08:08 PM

Good!!!
cheaper0ON
Champion Author Ontario

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Message Posted: Feb 17, 2013 10:07:56 PM

Old article.
UpSol7
Champion Author Augusta

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Message Posted: Feb 17, 2013 10:06:05 PM

The country, which burns crude to produce electricity and desalinate water, is seeking increasingly to use natural gas

Even the Saudis are trying to use less oil
judgemobile
Champion Author Ohio

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Message Posted: Feb 17, 2013 10:05:27 PM

any excuse for higher prices
HEBster
Champion Author Kentucky

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Message Posted: Feb 17, 2013 10:03:48 PM

Figures!
TheSicilian
Champion Author Jacksonville

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Message Posted: Feb 17, 2013 10:03:06 PM

old and sad
TheeRedRam
Champion Author Hartford

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Message Posted: Feb 17, 2013 10:03:05 PM

Lower the cost
rahcat
Champion Author Grand Rapids

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Message Posted: Feb 17, 2013 10:02:16 PM

Too bad...so sad.
Harry813
Champion Author Iowa

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Message Posted: Feb 17, 2013 10:02:03 PM

Maybe they will sell it at a lower cost?
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