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Saudi oil exports hit 6.98m b/d in August - JODI

Saudi oil exports hit 6.98m b/d in August - JODI
The Saudi total oil product demand grew by 170,000 b/d MoM in August.

Riyadh – Mubasher: Saudi Arabia’s oil exports (crude and petroleum products) grew for the second consecutive month in August 2020 after they had fallen to their lowest on record in June at 7 million barrels per day (b/d).

Month-on-month (MoM), the kingdom’s oil exports hiked by 349,000 b/d in August to hit 6.985 million b/d from SAR 6.636 million b/d in July, data from the Joint Organisations Data Initiative (JODI) showed.

The rise was backed by a monthly growth in crude oil exports by 234,000 b/d. 

Meanwhile, the Gulf nation’s crude exports increased to 5.968 million b/d in August, compared with 5.734 million b/d a month earlier.  Likewise, petroleum products exports rose by 115,000 b/d to 1.017 million b/d. 

According to JODI data, the country’s total oil product demand grew by 170,000 b/d monthly to stand at 2.55 million b/d.