Saudi Arabia’s September oil exports hit 2-year low: JODI

Smoke is seen following an attack on Saudi Aramco's facility in Abqaiq. (File photo: Reuters)

Saudi Arabia’s oil exports fell to a 22-month low of 6.67 million barrels per day (bpd) in September, from 6.88 million bpd in August, official data shows.

The Kingdom’s output fell by 660,000 barrels per day (bpd) in September following attacks on two of its key oil installations, an OPEC report said earlier.

Saudi Arabia’s crude oil closing stock level in September fell 20.27 million barrels to 152.48 million barrels, from August, said the Joint Organizations Data Initiative (JODI).

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

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

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Last Update: Wednesday, 20 May 2020 KSA 14:05 - GMT 11:05
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