Saudi Arabia and Iran boost oil exports in Jan - JODI

Exports were bolstered on the back of higher demand from OPEC nations
Saudi Arabia and Iran boost oil exports in Jan - JODI
Saudi Arabia, the largest OPEC producer, boosted January exports by 2 percent to 7.507m barrels a day.
By Bloomberg
Sun 18 Mar 2012 02:11 PM

Saudi Arabia and Iran increased oil exports in January from a month earlier amid higher demand for crude from OPEC member nations, official data posted on the Joint Organisation Data Initiative’s website showed.

Saudi Arabia, the largest producer in the Organisation of Petroleum Exporting Countries, boosted January exports by 2 percent to 7.507m barrels a day, according to JODI data released today. Iran, the group’s second-biggest producer, exported 2.265m barrels a day, its highest monthly figure since December 2008, the data showed.

OPEC supplies about 40 percent of global crude.

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