Saudi Arabia’s crude oil exports rose for a second consecutive month to 5.97 million barrels per day (bpd) in August, from 5.73 million bpd in July, official data showed on Monday.
The country’s crude output rose by 500,000 bpd to 8.98 million bpd in August, the official figures showed.
Source: Reuters
Crude exports from Saudi Arabia, the world’s largest oil exporter, fell to their lowest on record in June, according to data from the Joint Organizations Data Initiative (JODI) stretching back to 2002.
For a graphic on Saudi Arabia’s crude exports rise for second straight month:
Saudi domestic crude refinery throughput rose by 23% to 2.58 million bpd in August, while direct crude burn rose by 57,000 bpd to 702,000 bpd.
The country’s total oil product demand rose by 170,000 bpd in August to 2.55 million bpd, data on the JODI website showed.
The Organization of the Petroleum Exporting Countries (OPEC) and allied oil producers, a group know as OPEC+, is due to taper production cuts by 2 million bpd from 7.7 million bpd currently in January.
Monthly export figures are provided by Riyadh and other OPEC members to JODI, which publishes them on its website.
