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And exports increased Saudi Arabia In July, 2.5 percent to 7.38 million barrels per day, the highest level since April 2020, from 7.20 million barrels per day in June.
The kingdom had increased its crude prices in July for Asian buyers to higher than expected levels amid fears of tight supplies and expectations of strong demand in the summer. It also increased its official selling price to European and Mediterranean buyers, but kept the price differentials for Americans unchanged.
And she was Saudi Arabia India’s third largest oil supplier in July, and it held the number one position unchanged for China during the first half of the year.
Saudi Arabia’s production also jumped to its highest level in more than two years to 10.815 million barrels per day from 10.646 million barrels per day in the previous month.
In contrast, crude consumption in Saudi refineries declined by about three percent to 2.763 million barrels in July, while exports of oil products amounted to 1.429 million barrels per day.
On the other hand, an internal document showed that the Organization of the Petroleum Exporting Countries (OPEC) and its allies, in what is known as a grouping "OPEC+"did not reach the production target oil A difference of 2.892 million barrels per day in July.
OPEC and its allies, led by Russia, agreed this month to reduce oil production to support prices, which fell on fears of an economic slowdown.
Saudi Arabia and other OPEC members provide JODI’s monthly export data, which it publishes on its website.
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And exports increased Saudi Arabia In July, 2.5 percent to 7.38 million barrels per day, the highest level since April 2020, from 7.20 million barrels per day in June.
The kingdom had increased its crude prices in July for Asian buyers to higher than expected levels amid fears of tight supplies and expectations of strong demand in the summer. It also increased its official selling price to European and Mediterranean buyers, but kept the price differentials for Americans unchanged.
And she was Saudi Arabia India’s third largest oil supplier in July, and it held the number one position unchanged for China during the first half of the year.
Saudi Arabia’s production also jumped to its highest level in more than two years to 10.815 million barrels per day from 10.646 million barrels per day in the previous month.
In contrast, crude consumption in Saudi refineries declined by about three percent to 2.763 million barrels in July, while exports of oil products amounted to 1.429 million barrels per day.
On the other hand, an internal document showed that the Organization of Petroleum Exporting Countries (OPEC) and its allies, in what is known as theOPEC+‘, did not reach the production target oil A difference of 2.892 million barrels per day in July.
OPEC and its allies, led by Russia, agreed this month to reduce oil production to support prices, which fell on fears of an economic slowdown.
Saudi Arabia and other OPEC members provide JODI’s monthly export data, which it publishes on its website.