• 2 minutes California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 6 minutes China and India are both needing more coal and prices are now extremely high. They need maximum fossil fuel.
  • 11 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 11 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 6 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 2 hours The Climate Scare Stories Began With Far Left Ideology Per GreenPeace Co-Founder
  • 1 day "A Very Predictable Global Energy Crisis" by Irina Slav --- MUST READ
  • 4 hours Putin and Xi have decided not to attend the Climate Summit in Glasgow
  • 1 day Two Good and Plausible Ideas about Saving Water and Redirecting it to Where it is Needed.
  • 3 days Did China cherry-pick the factors that affected the economic slow-down?
  • 2 days Are you aware of Oil Price short videos on our energy topics?
  • 2 days "Here is The Hidden $150 Trillion Agenda Behind The "Crusade" Against Climate Change" - Zero Hedge re: Bank of America REPORT
  • 2 days Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 2 days NordStream2

Breaking News:

California Gasoline Prices Are Spiking

Saudi Arabia: Patience Is A Virtue In Oil Markets

Saudi Arabia: Patience Is A Virtue In Oil Markets

Saudi Arabia appears confident that…

How Much Oil Can OPEC Realistically Add?

How Much Oil Can OPEC Realistically Add?

Years of underinvestment and shut…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

Saudi Arabia Hikes July Crude Oil Exports To Six-Month High

Saudi Arabia’s crude oil exports rose to above 6 million barrels per day (bpd) in July, to the highest volume in six months, as the OPEC+ alliance continued to ease their supply cuts.

The world’s largest oil exporter saw its crude exports hit 6.327 million bpd in July, up by around 360,000 from June, data from the Joint Organisations Data Initiative (JODI) showed on Thursday.

The July crude export levels were the highest since January this year, when the Kingdom’s exports averaged 6.582 million bpd, according to JODI, which compiles self-reported data from the countries. January was also the last time when the Saudis exported more than 6 million bpd, before this past July.

In June, Saudi crude oil exports averaged 5.965 million bpd, JODI data showed last month, as the world’s top oil exporter, and the entire OPEC+ group continued to ease the cuts amid recovering global demand.

In July, total Saudi oil exports—including crude oil and total oil products—rose further month-on-month by 327,000 bpd to 7.65 million bpd, according to JODI.  

In January 2021, the Saudis surprised the market with the decision for a unilateral cut of 1 million bpd, while the OPEC+ group was only slightly easing the cuts due to the concessions to Russia and Kazakhstan.

At the following OPEC+ meeting in early March, Saudi Arabia surprised the market yet again, saying it would keep the extra cut into April instead of only in February and March as originally planned. OPEC+ decided not to ease the cuts in April—except for a combined 150,000 bpd increase for Russia and Kazakhstan—as the group was looking to tighten the market and keep its powder dry until it sees tangible proof of rebound in global oil demand.

Starting in August, OPEC+ plans to add 400,000 bpd of supply every month until all 5.8 million bpd remaining cuts are restored.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News