The Traderszone Network

Published in TZ Latest News 23 July, 2017 by The TZ Newswire Staff

Saudi Arabia exports to US could start to have an impact on supply

Imports last week at the lowest in 7 years
The imports to the US from Saudi Arabia dropped to the lowest level in 7 years according to data from the EIA last week.  According to Bloomberg, the average over the last 6 weeks have fallen by 34%.  The fall is crucial for oil prices as storage