Saudi Arabia crude exports rise 7.9% in August to 4-month high

Saudi Arabia increased its crude oil exports by approximately 7.9% in August compared to July, reaching 4.451 million barrels per day, according to data from the Joint Organizations Data Initiative.

The August figure represents the highest export level since March. The increase occurred while oil production dropped to a record low of 6.24 million barrels per day from 8.135 million barrels per day in July.

Saudi Arabia holds the position as the world’s largest oil exporter. The kingdom and other Organization of the Petroleum Exporting Countries members submit monthly export data to the JODI website.

Saudi refinery crude throughput decreased by 181,000 barrels per day to 2.297 million barrels per day in August from 2.478 million barrels per day in July, the data showed. Direct crude-burning rose by 43,000 barrels per day to 604,097 barrels per day.

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