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Saudi Arabia has reached its highest production of crude oil in four months. The Joint Organizations Data Initiative (JODI) showed that crude exports from the country increased to 6.30 million barrels per day and crude production has decreased to 8.94 million bpd. This decision is backed by OPEC+’s goal of cutting production by 2.2 million bpd by 2024. 

Saudi Arabia’s crude exports rise to four-month high in October

Saudi Arabia has reached its highest production of crude oil in four months. The Joint Organizations Data Initiative (JODI) showed that crude exports from the country increased to 6.30 million barrels per day and crude production has decreased to 8.94 million bpd. This decision is backed by OPEC+’s goal of cutting production by 2.2 million bpd by 2024. 

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