Riyadh – Mubasher: Saudi crude oil exports decreased to 6.69 million barrels per day (bpd) in July 2017, compared to 6.89 million bpd in June, official data released on Monday revealed.

On a monthly basis, Saudi Arabia’s oil output dropped by 60,000 bpd to reach 10.01 million bpd in July, Reuters reported, citing data by the Joint Organisations Data Initiative (JODI).

The kingdom’s crude inventories tumbled by 844,000 barrels reaching 255.71 million barrels.

Crude oil direct combustion decreased by 23,000 bpd to reach 657,000 bpd.

The consumption of Saudi domestic refineries rose 110,000 bpd reaching 2.69 million bpd in July.

Demand for oil products increased by 168,000 bpd to 2.8 million bpd in July, while exports of oil products rose 79,000 bpd to reach 1.44 million bpd.