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Saudi crude exports at 6M high in October

Saudi crude exports at 6M high in October
Saudi crude exports increased by 388,000 b/d in October

Riyadh – Mubasher: Saudi oil exports increased in October to its highest level in six months, as shown by the Joint Organisations Data Initiative (JODI) numbers.

The Kingdom’s crude exports increased by around 388,000 barrels per day (b/d) to 7.057 million b/d in October, up from 6.669 million in September, reaching its best level since April 2019.

This comes after Saudi crude exports declined by 211,000 b/d in September, hitting a two-year low.

However, total oil exports, including crude oil and petroleum products, decreased by 56,000 b/d in October to 8.015 million b/d, down from 8.071 million barrels in September.

Product exports shrank to 985,000 b/d in October, compared with 1.402 million b/d in the previous month.