Business · Energy & Commodities · 8 hrs ago

Saudi crude oil exports rose to about 7 million barrels a day in October

Saudi crude oil exports rose to about 7 million barrels a day in October

Saudi Arabia's crude oil exports rose to about 7 million barrels a day in October, based on tanker-tracking data.

That was up from 6.22 million barrels a day in September and close to the 6.89 million recorded in January, the latest month before the Gulf war affected trade.

Shipments through the Strait of Hormuz stayed almost unchanged, at 3.93 million barrels a day, compared with 3.96 million in September.

Exports from Yanbu on the Red Sea increased to 3.07 million barrels a day, from a revised 2.26 million in September.

About 210,000 barrels a day from Yanbu also went to power and desalination plants along Saudi Arabia's Red Sea coast.

The rise came as countries across the Middle East prepared for the possibility of renewed US attacks on Iran and a response from Tehran.

The figures show a recovery in Saudi oil shipments, while the risk of further regional conflict remains; Saudi officials had not commented on them.

1 source

Related