Saudi Arabia Oil Port May Have Loaded 7.6 Million Barrels a Day
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Oil tankers that can carry about 7.6 million barrels a day went to Saudi Arabia’s Ras Tanura, the world’s largest export facility for crude oil, last week, ship-tracking data compiled by Bloomberg show.
Vessels with a combined capacity of at least 7.3 million deadweight tons were at the facility from Aug. 28 to Sept. 3. To estimate what that equates to in barrels a day, the figure was first multiplied by 7.33 to calculate the total barrels, and then divided by seven, the number of days in the period.