Saudi Arabia’s crude oil exports dropped to a 6-year low in Sept

Dhwani Mehta FXStreet

According to data from Joint Organisations Data Initiative (JODI), Saudi Arabia’s crude oil exports fell to a 79-month low/ 6-year low at 6.55 million barrels daily (mpd) in September, oilprice.com cited late-Wednesday.

Key Details:

Exports of refined oil products surged to 1.55 million bpd in the same month – an all-time high.

The cargo-tracking website has calculated that Saudi exports in October averaged 6.68 million bpd—down from a calculated 6.7 million bpd for September. This month, Saudi Arabia has been shipping abroad an average 5.7 million bpd, Tanker Trackers data showed.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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