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Saudi Arabia’s crude oil exports in July hit almost one-year low
Saudi Arabia’s crude oil exports in July fell to their lowest level in nearly a year, data from the Joint Organizations Data Initiative (JODI) showed on Thursday. The country’s oil exports stood at 5.741 million barrels per day (bpd) in July, their lowest level since August 2023. Saudi Arabia is world’s largest exporter of crude. OPEC+ oil producers earlier this month agreed to delay a planned production increase for October and November and said they could further pause or reverse the hikes if needed. Saudi’s crude exports in July fell by about 5.1% from June’s exports of 6.047 million bpd. At the same ... (full story)