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Saudi- KSA crude exports rise to almost 6.9m bpd in October
(MENAFN- Arab News) JEDDAH: Saudi Arabia shipped more crude oil in October than a month earlier while volumes used by domestic refineries remained high allowing more oil products exports official data showed.
Saudi Arabia exported 6.897 million barrels per day of crude in October up from 6.722 million in September data published by the Joint Organizations Data Initiative (JODI) showed.
Production was slightly lower in October at 9.69 million bpd from 9.704 million the data showed.
An industry source told Reuters last week that crude supplies from the Kingdom for both exports and the domestic market inched higher to 9.420 million bpd in November up 40000 bpd from October.
JODI has not yet made export data available for November.
Oil products exports rose to 909000 bpd in October from 787000 bpd in September the data showed.
Domestic refiners processed 2.061 million bpd of crude in October almost flat from 2.035 million bpd in September the JODI data showed.
Saudi oil use for power generation fell to 512000 bpd in October from 648000 bpd in September as weather cooled.
Oil markets monitor changes in output from Saudi Arabia which has enough spare capacity to significantly alter production according to demand.
Its exports in September edged up by around 59000 bpd while volumes used by domestic refineries remained high.
Saudi Arabia exported 6.897 million barrels per day of crude in October up from 6.722 million in September data published by the Joint Organizations Data Initiative (JODI) showed.
Production was slightly lower in October at 9.69 million bpd from 9.704 million the data showed.
An industry source told Reuters last week that crude supplies from the Kingdom for both exports and the domestic market inched higher to 9.420 million bpd in November up 40000 bpd from October.
JODI has not yet made export data available for November.
Oil products exports rose to 909000 bpd in October from 787000 bpd in September the data showed.
Domestic refiners processed 2.061 million bpd of crude in October almost flat from 2.035 million bpd in September the JODI data showed.
Saudi oil use for power generation fell to 512000 bpd in October from 648000 bpd in September as weather cooled.
Oil markets monitor changes in output from Saudi Arabia which has enough spare capacity to significantly alter production according to demand.
Its exports in September edged up by around 59000 bpd while volumes used by domestic refineries remained high.
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