Crude oil output, exports from Saudi Arabia increased in Jun...| MENAFN.COM

Friday, 07 October 2022 04:25 GMT

Crude oil output, exports from Saudi Arabia increased in June

(MENAFN) According to figures released on Wednesday by the Joint Organizations Data Initiative (JODI), Saudi Arabia's crude oil exports surged in June while production reached a more than two-year high.

From roughly 7.050 million bpd recorded for May, crude exports increased by about 2% in June to 7.196 million barrels per day.

From 10.538 million bpd in May, production increased to 10.646 million bpd in June, its highest level in more than two years.

The chief executive of Saudi Aramco stated on Sunday that the oil corporation is prepared to increase crude oil output to its maximum capacity of 12 million bpd if the Saudi Arabian government requests it.

While direct crude burn increased by 105,000 bpd to 687,000 bpd, Saudi Arabia's domestic crude refinery throughput increased by 100,000 bpd to 2.849 million bpd, a record high for June.

For the first time in five months, Saudi Arabia's oil exports to India increased in July, according to information gathered from trade and business sources.

The Joint Organizations Data Initiative (JODI), which publishes monthly export information on its website, receives monthly export data from Riyadh and other OPEC members.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.