Saudi Arabia’s registered offshore shipments last month were about 7.5 million barrels per day.
In July, Saudi Arabia’s crude oil exports rose to their highest level since April 2020 amid international pressure to curb high oil prices. Bloomberg reported this the other day.
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Saudi Arabia’s registered sea shipments last month were about 7.5 million barrels per day, according to tanker tracking data. In June, offshore shipments reached 6.6 million barrels per day. Thus, export deliveries increased by 13.6%.
Oil supplies from Saudi Arabia to China, a key destination, jumped to an average of 1.65 million barrels a day in July, the agency said.
Deliveries to India for the first time since April 2020 exceeded 1 million barrels per day.
At the same time, exports to the US decreased by 11% compared to June – to 371 thousand barrels per day, to Japan – by 18%, to 903 thousand barrels per day.
It was previously reported that Saudi Arabia has undertaken to maintain the balance of the oil market. This was learned following the visit of US President Joe Biden to this country. The Saudis intend to increase oil production by 50% compared to the planned figure for July and August.
It has also been reported that Saudi Arabia will increase the price of the main grade of Arab Light oil for Asian buyers.
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Source: korrespondent
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.