Riyadh – Mubasher: Saudi oil exports, including crude oil and total oil products, increased by 571,000 barrels per day (b/d) on a monthly basis in July 2020, close to their lowest historic level.

The kingdom’s oil exports registered 6.636 million barrels per day (mbpd) in July, compared with 6.065 mbpd a month earlier, data from the Joint Organisations Data Initiative (JODI) showed on Thursday.

This rise in exports was backed by a monthly growth in crude exports by 754,000 b/d or 15.1% to 5.734 mbpd in July.

On the other hand, oil products exports tumbled by 183,000 b/d in July or 16.87% monthly, reaching 902,000 b/d.

Meanwhile, Saudi oil inventories hiked by 416,000 barrels in July to stand at 153.77 million.