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Saudi Arabia crude exports hit six-month highs in July

Sep 16 (Reuters) – Saudi Arabia’s crude oil exports in July rose to their highest level since January, the Joint Petroleum Data Initiative (JODI) said on Thursday.

The kingdom’s crude oil exports rose to 6,327 million barrels per day (bpd) in July, up from 5,965 million bpd in June. Total exports, including oil derivatives, were 6.65 million bpd.

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, known together as OPEC +, in July began lifting record production cuts, while Saudi Arabia began phasing out its voluntary supply cuts.

The output of Saudi Arabia’s domestic crude refinery increased to 2.457 million bpd in July, while direct crude burning increased by 105,000 bpd to 691,000 bpd.

Crude production from the world’s largest oil exporter rose 547,000 bpd month-on-month to 9,474 million bpd in July, JODI figures showed.

The monthly export figures are provided by Riyadh and other OPEC members to JODI, which publishes them on its website.

(Report by Nakul Iyer in Bangalore; Edited in Spanish by Juana Casas)

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