Saudi Crude Exports Rise 7.9% to Five-Month High in August
Saudi crude oil exports rose about 7.9% from July to 4.451 million barrels per day, the highest level since March, JODI data showed. Exports increased as oil production fell to a record-low 6.24 million bpd.
Data from the Joint Organizations Data Initiative showed on Wednesday that Saudi Arabia’s crude exports increased about 7.9% in August from July, reaching 4.451 million barrels per day. That was the highest level since March. Exports climbed despite oil production falling to a record low of 6.24 million bpd.