Saudi oil exports up to 7 mln bpd in September

20/11/2018 Argaam Special

 

Saudi Arabia’s oil exports rose 3 percent year-on-year (YoY) to 7.43 million barrels per day (mbd) in September 2018, according to latest figures from the Joint Organizations Data Initiative (JODI).

 

Oil exports also grew 13 percent in September, when compared to the same month in 2017.

 

The Kingdom’s crude output increased to 10.5 mbd in the same period, a 1 percent month-on-month increase.

 

Crude local consumption fell by 4 percent YoY to 3.07 mbd, from 3.20 mbd in the previous month.

 

Monthly export figures are provided by Saudi Arabia and other OPEC members to JODI.

 

Saudi Oil Data (mln bpd)

Period

Local consumption*

Exports

Total output

January 2017

2.04

7.71

9.75

February

3.05

6.96

10.01

March

2.67

7.23

9.90

April

2.94

7.01

9.95

May

2.96

6.92

9.88

June

3.18

6.89

10.07

July

3.32

6.69

10.01

August

3.24

6.71

9.95

September

3.42

6.55

9.97

October

3.19

6.87

10.06

November

2.87

7.02

9.89

December

2.93

7.05

9.98

January 2018

2.81

7.17

9.98

February

2.69

7.25

9.94

March

2.79

7.12

9.91

April

2.56

7.31

9.87

May

3.05

6.98

10.03

June

3.25

7.24

10.49

July

3.17

7.12

10.29

August

3.20

7.21

10.41

September

3.07

7.43

10.50

* Estimated.                                                                                                                      

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