Riyadh – Mubasher: Saudi Arabia's crude oil exports increased by 29,000 barrels per day (bpd) on a monthly basis during December 2017.

The oil-rich nation exported 7.05 million bpd in the last month of 2017, the Joint Organisations Data Initiative’s (JODI) data revealed on Monday.

Meanwhile, the kingdom's crude oil stockpiles declined during December, registering the lowest level in 73 months, JODI added.

The Saudi crude inventories decreased by 4.71 million bpd on a monthly basis to 245 million bpd.