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Saudi Arabia’s crude oil exports rise to 7.06 mln bpd in October: JODI

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Saudi Arabia’s crude oil exports rose to 7.06 million barrels per day (bpd) in October, from 6.67 million bpd in September, according to official data released on Wednesday.

Saudi Arabia’s oil exports hit a near two-year low in September after attacks on two of its key oil installations lowered its output by 660,000 bpd.

The attacks had knocked out five percent of the global crude supply, which has since been restored by the world’s largest oil exporter.

The Kingdom’s crude oil closing stock level in October rose month-on-month by 15.60 million barrels to 168.08 million barrels, said the Joint Organizations Data Initiative (JODI).

Saudi Arabia and other OPEC members provide monthly export figures to JODI.