“Oil exports from Saudi Arabia, the world’s largest oil exporter, fell to their lowest level in nearly a year in July 2024.”, — write: www.epravda.com.ua
Oil exports from Saudi Arabia, the world’s largest oil exporter, fell to their lowest level in nearly a year in July 2024.
About this informs Reuters.
In July, oil exports from the country amounted to 5.741 million barrels per day, the lowest level since August 2023.
Oil exports from Saudi Arabia fell about 5.1% in July from June exports of 6.047 million barrels per day.
At the same time, oil production in Saudi Arabia rose to 8.941 million barrels per day from 8.830 million barrels per day.
Earlier this month, OPEC+ oil producers agreed to delay planned output increases for October and November and said they could further suspend or reverse production increases if needed.
However, crude oil refining at Saudi refineries fell by 0.026 million b/d to 2.397 million b/d, while direct oil burning increased by 211,000 b/d to 769,000 b/d, the data showed.
We will remind:
OPEC+ discusses a possible postponement of the increase in oil production planned for October. Oil prices have already reacted.