Economy

Title: Saudi Crude Oil Quantities in Floating Storage Units Off Ain Sokhna, Egypt Halve

Title: Saudi Crude Oil Quantities in Floating Storage Units Off Ain Sokhna, Egypt Halve

Data from the oil analytics firm Vortexa shows that the amount of Saudi crude oil in floating storage units off the port of Ain Sokhna in Egypt currently stands at 10.5 million barrels, which is half the quantity that was present there in mid-June. Vortexa recorded 19.5 million barrels of Saudi crude oil in ten large containers off Ain Sokhna on June 14, most of which was loaded in the second half of May. This situation is unusual for oil exported by the largest producer in OPEC.

Our readers are reading too