Saudi Arabia’s crude oil exports in September rose for a fifth month in a row to their highest level since January. Its crude oil exports rose to 6.516 million b/d in September, up from 6.450 million b/d in August. The world’s largest oil exporter’s crude output rose by 100,000 b/d month over month to 9.662 million b/d in September, its highest since April 2020. OPEC+ is also raising output 400,000 bpd per month, gradually unwinding record output cuts made in 2020.
- Saudi Arabia’s crude oil exports hit eight-month high in September