Saudi Arabia’s crude oil exports hit eight-month high in September

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A 3D printed oil pump cylinder can be seen in front of the Opec logo shown in this illustrative image, April 14, 2020. REUTERS / Dado Ruvic / Illustration

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Nov. 18 (Reuters) – Saudi Arabia’s crude oil exports rose in September for the fifth consecutive month, to their highest level since January, the Joint Organization Data Initiative (JODI) said on Thursday.

The kingdom’s crude oil exports reached 6.516 million barrels per day (bpd) in September, up from 6.450 million bpd in August. Total exports, including petroleum products, amounted to 7.84 million barrels per day.

Crude production from the world’s largest oil exporter increased 100,000 bpd month-on-month to 9.662 mln bpd in September, its highest level since April 2020.

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Saudi Arabia’s crude oil exports hit eight-month high in September

The Organization of the Petroleum Exporting Countries and its allies, known as OPEC +, is increasing production by 400,000 bpd per month, gradually reversing record production cuts achieved in 2020. The cartel holds its next policy meeting December 2. read more

Saudi Arabia’s crude oil refinery throughput fell to 2.49 million barrels per day in September. Direct combustion of crude fell from 111,000 b / d to 543,000 b / d, according to JODI figures.

Monthly export figures are provided by Riyadh and other OPEC members to JODI, which publishes them on its website.

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Reporting by Swati Verma and Kavya Guduru in Bangalore; Editing by David Evans, Edmund Blair and Steve Orlofsky

Our Standards: Thomson Reuters Trust Principles.


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