Saudi Crude Exports Dip to 5-Month Low in November

Saudi Arabia’s crude oil exports slid to a five-month low in November alongside lower production, the International Energy Forum (IEF) said on Thursday, citing data from the Joint Organizations Data Initiative (JODI).

The kingdom’s crude exports in November fell by 493,000 barrels per day (kb/d) to 7.28 million barrels per day (mb/d), a five-month low. Production fell by 489,000 to 10.47 million bpd.

Global crude production too declined by 599,000 b/d in November to a four-month low, led by reductions in Saudi Arabia and Iraq, the data showed.