Saudi Arabia’s crude oil exports in July rose to their highest since January, according to Reuters.
Saudi Arabia’s oil exports jumped to 6.327 million barrels per day (mmbbl/d) in July, hitting the highest level in six months. The kingdom pumped 9.474 million (bbl/d) in July; output was the highest since April 2020.
The kingdom’s direct use of crude oil for power generation jumped to 691,000 bbl/d in July from 586,000 bbl/d in June, while refinery throughput rose to 2.457 million bbl/d from 2.4 million bbl/d over the same period.
Although seasonal crude burn remained elevated, Saudi Arabia’s crude oil exports hit a record high.