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Saudi oil exports hit five-month high in October

Saudi oil exports hit five-month high in October
Crude oil exports increased to 6.159 billion bpd

By: El-Sayed Gamal

Riyadh – Mubasher: Saudi Arabia’s oil exports increased in October for the fourth month in a row, hitting the highest level in five months.

Total oil exports, including crude oil and petroleum products, grew by about 281,000 barrels per day (bpd) to 7.375 million barrels in October, its highest level since May when they reached 7.476 million bpd, compared to 7.094 million bpd in September, data released by the Joint Organisations Data Initiative (JODI) showed.

Crude oil exports increased to 6.159 billion bpd, its highest level since April 2020, compared to 6.066 billion bpd in September.

Likewise, petroleum product exports rose by about 188,000 bpd to 1.216 million bpd in October, registering its highest level since May 2020, compared with 1.028 million bpd in September.