Saudi Oil Exports Rebound From Five-Month Low on Record Output

Saudi Arabia’s oil exports rebounded in June from a five-month low as the largest OPEC producer boosted output to a record.

Exports climbed to 7.37 million barrels a day from 6.94 million barrels in May, according to data on the website of the Joint Organizations Data Initiative, or JODI. Output by the world’s biggest exporter rose to 10.564 million barrels daily from 10.3 million. Saudi Arabia told OPEC its June production was a record, exceeding a previous all-time high set in 1980.