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SAUDI DATA: July crude oil exports hit six-month high as crude burn stays elevated
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SAUDI DATA: Crude exports for second month in June as output cuts unwind | Hellenic Shipping News Worldwide
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SAUDI DATA: April crude exports fall to lowest since June 2020: JODI | Hellenic Shipping News Worldwide
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Saudi crude stock draws continue, exports fall due to production cut | Hellenic Shipping News Worldwide
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Dubai Saudi Arabia drew again on its crude stockpiles in February, while exports fell, reflecting the impact of its voluntary 1 million b/d production cut in addition to its OPEC+ production quota, figures from the Joint Organizations Data Initiative showed.
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The kingdom exported 5.63 million b/d in February, according to JODI data released April 19, down 957,000 b/d from January.
February saw the breaking of a seven-month run of increase that shipments since a long-term low of 4.98 million b/d in June when stringent OPEC+ production caps were in effect. It was the highest since April 2020.