Saudi Arabia’s oil exports increased by 176,000 barrels per day (bpd) to 8.614 million bpd (mbpd) in March, compared to 8.438 mbpd a month earlier, the Joint Organisations Data Initiative’s (JODI) data revealed on Tuesday.
Saudi Arabia’s crude oil exports hit the lowest level in 29 months last March, data showed.
Crude oil exports of the OPEC kingpin nation levelled up to 7.141 mbpd in March, against 6.977 mbpd in the prior month.
Meanwhile, the kingdom’s petroleum product exports grew by 12,000 bpd on a monthly basis, recording 1.473 mbpd in the third month of 2019.
The GCC nation’s crude oil output plunged 3.4% in March to 9.78 mbpd, versus 10.136 mbpd in the previous month.