RIYADH: Saudi Arabia’s exports of refined oil products grew by 16 percent in August compared to July, marked by higher shipments of diesel, according to data collated from the Joint Organizations Data Initiative.

The total volume of exported refined oil products reached 1.3 million barrels per day in August, a significant rise from the previous month’s 1.1 million bpd.

Refinery oil output is the outcome of processing crude oil within refineries to produce various refined petroleum products. This comprehensive procedure transforms raw crude oil into everyday products for consumers and industries.

Diesel shipments exports in August surged 45 percent, registering the highest monthly growth rate observed in the last three years, to 587,000 bpd.

However, fuel oil exports in August declined by 15 percent or 24,000 bpd compared to July. Motor and aviation oil fell by 7 percent or 20,000 bpd during the same period.

According to the JODI database, diesel constituted 44 percent of the total refinery oil exports, motor and aviation oil 21 percent and fuel oil 11 percent.

The database also showed that the Kingdom shipped 55 percent of refinery output in August compared to 44 percent in July.

Specifically, 50 percent of the diesel produced in August was exported, compared to 39 percent in July. 

The Kingdom also exported 31 percent of the fuel oil produced in August compared to the previous month’s 39 percent.

In the case of motor and aviation gasoline, 40 percent of its output was exported in August as opposed to 45 percent in the prior month.

Moreover, Saudi Arabia generated 2.5 million bpd of refined oil products, representing a 1.5 percent decline from July.

Diesel, which contributes 46 percent to the refined output, surged by 13 percent in August compared to July, reaching 1.2 million bpd, the highest level achieved since last April.

Fuel oil, which accounted for 18 percent of refinery output, increased by 7.26 percent during the same period.

Meanwhile, motor and aviation gasoline, which hold 27 percent of the output, saw a 4 percent increase in August.