Saudi Arabia's crude oil exports hit six-month high in July

Saudi Arabia's domestic crude refinery throughput rose to 2.457mln bpd in July

  
An oil tanker is being loaded at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. Image used for illustrative purpose.

An oil tanker is being loaded at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. Image used for illustrative purpose.

REUTERS/Ahmed Jadallah

Saudi Arabia's crude oil exports in July rose to their highest since January, the Joint Organisation Data Initiative (JODI) said on Thursday.

The kingdom's crude oil exports rose to 6.327 million barrels per day (bpd) in July, up from 5.965 million bpd in June. Total exports including oil products stood at 6.65 million bpd.

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, together known as OPEC+, in July began unwinding record output cuts while Saudi Arabia began phasing out its voluntary supply cuts. 

Saudi Arabia's domestic crude refinery throughput rose to 2.457 million bpd in July while direct crude burn increased by 105,000 bpd to 691,000 bpd.

The world's largest oil exporter's crude output rose by 547,000 bpd month-on-month to 9.474 mln bpd in July, the JODI figures showed.

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

(Reporting by Nakul Iyer in Bengaluru Editing by David Goodman ) ((nakul.iyer@thomsonreuters.com; Within U.S. +1 646 223 8780, Outside U.S. +91 80 6749 0417; Reuters Messaging: nakul.iyer.thomsonreuters.com@reuters.net))


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