Saudi Arabia’s Crude Oil Exports Jumped By 400,000 Bpd in August

Saudi Arabia’s crude oil exports surged by 413,000 barrels per day (bpd) in August, to the highest level in six months, as the world’s top crude exporter and the OPEC+ group accelerated the reversal of the production cuts.  Saudi Arabia’s crude oil production also soared in August, by 521,000 bpd from July, the latest data by the Joint Organizations Data Initiative (JODI) showed on Wednesday.  Refinery runs in Saudi Arabia fell by 76,000 bpd month-on-month in August, freeing even more barrels for exports.  To meet…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com