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Saudi Arabia Breaks Records on Oil Exports and Output for Year

  • Crude exports averaged 7.65 million barrels a day in 2016
  • Kingdom’s oil output averaged 10.46 million barrels a day
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Russia Tops Saudi Arabia as Largest Oil Producer

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Saudi Arabia boosted oil exports and production last year to the highest monthly averages on record as the global crude market endured oversupply.

Exports climbed to 7.65 million barrels a day on average last year, from 7.39 million barrels a day a year earlier, according to Joint Organisations Data Initiative monthly data compiled by Bloomberg. Production rose to 10.46 million barrels a day from 10.19 million, on average, over the same period.