Investing.com - Financial Markets Worldwide

UPDATE 2-Saudi crude exports rise to 5.97 mln bpd in August -JODI

Published 19/10/2020, 14:17
© Reuters.

(Adds graphic)
Oct 19 (Reuters) - Saudi Arabia's crude oil exports rose for
a second consecutive month to 5.97 million barrels per day (bpd)
in August, from 5.73 million bpd in July, official data showed
on Monday.
The country's crude output rose by 500,000 bpd to 8.98
million bpd in August, the official figures showed.
Crude exports from Saudi Arabia, the world's largest oil
exporter, fell to their lowest on record in June, according to
data from the Joint Organizations Data Initiative (JODI)
stretching back to 2002.
Saudi domestic crude refinery throughput rose by 23% to 2.58
million bpd in August, while direct crude burn rose by 57,000
bpd to 702,000 bpd.
The country's total oil product demand rose by 170,000 bpd
in August to 2.55 million bpd, data on the JODI website showed.
The Organization of the Petroleum Exporting Countries (OPEC)
and allied oil producers, a group know as OPEC+, is due to taper
production cuts by 2 million bpd from 7.7 million bpd currently
in January. Monthly export figures are provided by Riyadh and other OPEC
members to JODI, which publishes them on its website.

<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Saudi Arabia's crude exports rise for second straight month https://tmsnrt.rs/3m4u3Vw
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.