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According to data from the Joint Organizations Data Initiative (JODI) on Monday, Saudi Arabia experienced its lowest crude oil exports in 28 months in August, dropping for the fifth consecutive month to 5.58 million barrels per day (bpd). This marks a 7.1% decline from July and reached levels last seen in April 2021. Additionally, for the fifth consecutive month, Saudi Arabia increased the November official selling price of its Arab light crude for Asian purchasers.

Saudi Arabia’s crude exports drop to 28-month low in August

According to data from the Joint Organizations Data Initiative (JODI) on Monday, Saudi Arabia experienced its lowest crude oil exports in 28 months in August, dropping for the fifth consecutive month to 5.58 million barrels per day (bpd). This marks a 7.1% decline from July and reached levels last seen in April 2021. Additionally, for the fifth consecutive month, Saudi Arabia increased the November official selling price of its Arab light crude for Asian purchasers.

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