Riyadh – Mubasher: Saudi Arabia's crude oil exports declined to 6.72 million barrels per day (mbpd) in June, compared to 6.94 mbpd in May, according to a recent report released by the Joint Organizations Data Initiative (JODI).
The kingdom’s exports dropped by about 221,000 barrel per day over June.
On a yearly basis, Saudi oil output decreased by 13.5% to 7.99 mbpd by the end of June.
Earlier in July, OPEC agreed to keep oil production curbs in place until March 2020 as the producer club’s members managed to reach a consensus to buoy crude prices.
Source:
Mubasher