Saudi Arabia's crude oil exports hit six-month high in July
- The kingdom's crude oil exports rose to 6.327 million barrels per day (bpd) in July, up from 5.965 million bpd in June
Saudi Arabia's crude oil exports in July rose to their highest since January, the Joint Organisation Data Initiative (JODI) said on Thursday.
The kingdom's crude oil exports rose to 6.327 million barrels per day (bpd) in July, up from 5.965 million bpd in June. Total exports including oil products stood at 6.65 million bpd.
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, together known as OPEC+, in July began unwinding record output cuts while Saudi Arabia began phasing out its voluntary supply cuts.
Saudi Arabia's domestic crude refinery throughput rose to 2.457 million bpd in July while direct crude burn increased by 105,000 bpd to 691,000 bpd.
Saudi Arabia crude oil price cut for Asia shows demand concerns
The world's largest oil exporter's crude output rose by 547,000 bpd month-on-month to 9.474 mln bpd in July, the JODI figures showed.
Monthly export figures are provided by Riyadh and other OPEC members to JODI, which publishes them on its website.
Comments
Comments are closed for this article.