Saudi Arabia’s crude oil exports to the United States fell to a 30-year low in October, Bloomberg reported on Tuesday.
Since July, Saudi state-run oil company Aramco has cut down on supply in an effort to drain the storage tanks in refineries across the United States, which it hopes will lift oil prices. According to data, the US bought just 525,000 barrels a day of Saudi crude in October, the lowest since May 1987 and down from 1.5 million barrels a day a decade ago.
The cut in exports is part of the strategy the Organization of Petroleum Exporting Countries adopted in 2016 to fight a worldwide oil glut, which caused prices to fall. The organisation and non-member nations, including Russia, had then decided to reduce global output of oil by 1.8 million barrels a day. These countries are scheduled to meet later this month to discuss keeping on with the cuts through 2018.
Meanwhile, Iraq is filling in to meet the United States’ oil demand, Reuters reported. The country’s crude imports from Iraq increased 41% over the past year. In October, Iraqi shipments to the nation’s largest refinery in Port Arthur in Texas overtook Saudi Arabia’s for the first time in over 30 years.
The decline of Saudi crude exports to the United States is, however, set to speed up. The Saudi Arabian Energy Ministry told Reuters last week that crude exports to the US in December will be more than 10% lower than the amount of oil exported in November.
“For every barrel [the Saudis] do not produce, they are losing market share,” Sandy Fielden, the director of research, commodities and energy at investment research firm Morningstar, was quoted as saying by Reuters.
Following a mountaineer as he reaches the summit of Mount Everest
Accounts from Vikas Dimri’s second attempt reveal the immense fortitude and strength needed to summit the Everest.
Vikas Dimri made a huge attempt last year to climb the Mount Everest. Fate had other plans. Thwarted by unfavourable weather at the last minute, he came so close and yet not close enough to say he was at the top. But that did not deter him. Vikas is back on the Everest trail now, and this time he’s sharing his experiences at every leg of the journey.
The Everest journey began from the Lukla airport, known for its dicey landing conditions. It reminded him of the failed expedition, but he still moved on to Namche Bazaar - the staging point for Everest expeditions - with a positive mind. Vikas let the wisdom of the mountains guide him as he battled doubt and memories of the previous expedition. In his words, the Everest taught him that, “To conquer our personal Everest, we need to drop all our unnecessary baggage, be it physical or mental or even emotional”.
Vikas used a ‘descent for ascent’ approach to acclimatise. In this approach, mountaineers gain altitude during the day, but descend to catch some sleep. Acclimatising to such high altitudes is crucial as the lack of adequate oxygen can cause dizziness, nausea, headache and even muscle death. As Vikas prepared to scale the riskiest part of the climb - the unstable and continuously melting Khumbhu ice fall - he pondered over his journey so far.
His brother’s diagnosis of a heart condition in his youth was a wakeup call for the rather sedentary Vikas, and that is when he started focusing on his health more. For the first time in his life, he began to appreciate the power of nutrition and experimented with different diets and supplements for their health benefits. His quest for better health also motivated him to take up hiking, marathon running, squash and, eventually, a summit of the Everest.
Back in the Himalayas, after a string of sleepless nights, Vikas and his team ascended to Camp 2 (6,500m) as planned, and then descended to Base Camp for the basic luxuries - hot shower, hot lunch and essential supplements. Back up at Camp 2, the weather played spoiler again as a jet stream - a fast-flowing, narrow air current - moved right over the mountain. Wisdom from the mountains helped Vikas maintain perspective as they were required to descend 15km to Pheriche Valley. He accepted that “strength lies not merely in chasing the big dream, but also in...accepting that things could go wrong.”
At Camp 4 (8,000m), famously known as the death zone, Vikas caught a clear glimpse of the summit – his dream standing rather tall in front of him.
It was the 18th of May 2018 and Vikas finally reached the top. The top of his Everest…the top of Mount Everest!
Watch the video below to see actual moments from Vikas’ climb.
Vikas credits his strength to dedication, exercise and a healthy diet. He credits dietary supplements for helping him sustain himself in the inhuman conditions on Mount Everest. On heights like these where the oxygen supply drops to 1/3rd the levels on the ground, the body requires 3 times the regular blood volume to pump the requisite amount of oxygen. He, thus, doesn’t embark on an expedition without double checking his supplements and uses Livogen as an aid to maintain adequate amounts of iron in his blood.
Livogen is proud to have supported Vikas Dimri on his ambitious quest and salutes his spirit. To read more about the benefits of iron, see here. To read Vikas Dimri’s account of his expedition, click here.
This article was produced by the Scroll marketing team on behalf of Livogen and not by the Scroll editorial team.