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Saudi crude oil shipments hit highest level in six months

Crude output rose by 0.547 million bpd to 9.474 million bpd in July from 8.927 million bpd in June. (Shutterstock)
Crude output rose by 0.547 million bpd to 9.474 million bpd in July from 8.927 million bpd in June. (Shutterstock)
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17 Sep 2021 01:09:45 GMT9
17 Sep 2021 01:09:45 GMT9

Rinat Gainullin

Saudi Arabia’s crude oil exports rose in July to its highest level for six months, according to figures released by the Joint Organisations Data Initiative (JODI) on Thursday.

Some 6.327 million barrels per day (bpd) were shipped from the Kingdom, a rise of 0.362 million bpd compared to June. 

The country’s total oil exports — crude and other products — stood at 7.650 million bpd in July, compared with 7.323 million bpd the previous month.

Crude output rose by 0.547 million bpd to 9.474 million bpd in July from 8.927 million bpd in June, figures posted by JODI show.

In July, domestic crude refinery throughput increased by 2.5 percent month-on-month to 2.457 million bpd, while direct crude burned for electricity generation rose by 0.105 million bpd — or 17.9 percent month-on-month — to 0.691 million bpd.

Saudi Arabia’s July crude stocks remained virtually unchanged from June at 135.105 million barrels. The stocks decreased however by 12.1 percent from the same month a year ago, when the level was at 153.767 million barrels.

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