US Markets

Saudi's crude oil exports rise for 4th straight month in August

Credit: REUTERS/Ahmed Jadallah

Saudi Arabia's crude oil exports rose in August for a fourth consecutive month to the highest since January 2021, the Joint Organisation Data Initiative (JODI) said on Monday.

Adds graphic

Oct 18 (Reuters) - Saudi Arabia's crude oil exports rose in August for a fourth consecutive month to the highest since January 2021, the Joint Organisation Data Initiative (JODI) said on Monday.

The kingdom's crude oil exports rose to 6.450 million barrels per day (bpd) in August, up from 6.327 million bpd in July. Total exports including oil products stood at 7.90 million bpd.

The Organization of the Petroleum Exporting Countries and its allies, together known as OPEC+, agreed in July to boost output by 400,000 barrels per day a month starting in August until its current oil output reductions of 5.8 million bpd are fully phased out.

The world's largest oil exporter's crude output rose by 88,000 bpd month-on-month to 9.562 mln bpd, a peak since April 2020.

Saudi Arabia's domestic crude refinery throughput rose to 2.521 million bpd in August. Direct crude burn, however, fell 37,000 bpd to 654,000 bpd, the JODI figures showed.

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

Saudi crude exports - Aug 2021https://tmsnrt.rs/3j9RttW

(Reporting by Bharat Govind Gautam and Brijesh Patel in Bengaluru, Editing by Louise Heavens and David Evans)

((BharatGovind.Gautam@thomsonreuters.com; +91-80-6182-3021/ 3590 (If within U.S. call 651-848-5832 );))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest US Markets Videos

Test Video TOPIC US market

Nov 24, 2021

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More