Skip to content

Saudi Crude Exports Jump to Highest in More Than Two Years

  • Observed seaborne flows rise to about 7.5m barrels/day in July
  • US has pressured the kingdom to boost crude production
Video player cover image
Citi's Morse Says Brent Will Continue 'Downward Drift' to Mid $80s

Saudi Arabia’s crude exports soared in July to the highest level since April 2020 amid international pressure to tame elevated oil prices.

Observed seaborne shipments from the kingdom came to about 7.5 million barrels a day last month, tanker-tracking data compiled by Bloomberg show. That compares with a revised 6.6 million barrels a day in June.