Saudi Crude Exports Surge to Four-Month High in September
- Shipments climb by 500k b/d on demand from India, S. Korea
- Lower prices to Asia, cooler temperatures supported increase
Photographer: Simon Dawson/Bloomberg
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Saudi Arabia’s crude exports jumped by half-a-million barrels a day in September, as increased buying by India and South Korea helped to offset a dip in Chinese demand.
Observed shipments from the kingdom rose to about 6.2 million barrels daily, the highest since May, according to tanker-tracking data compiled by Bloomberg. It compares with 5.7 million barrels a day in August.