Saudi Gazette report

RIYADH — Saudi Arabia's crude oil exports jumped to their highest level in eight months in November 2024. According to the data published by the Joint Organizations Data Initiative (JODI) on Wednesday, oil exports soared 281,000 barrels per day (bpd) on a monthly basis, rising to 6.206 million bpd in November from 5.925 million bpd in October. This recorded an increase of 4.7 percent.

Saudi production fell slightly to 8.925 million bpd in November from 8.972 million bpd in October. The data showed that Saudi crude inventories increased by 3.9 million barrels to 145.131 million barrels in November 2024.

The JODI data showed that the production of local refineries in Saudi Arabia reached 2.354 million bpd last November, and direct crude burning in Saudi Arabia increased by 20000 bpd to 382000 bpd in November last year.