Saudi Arabia’s March crude exports at 7.898 mln bpd, highest in years
Saudi Arabia’s crude oil exports rose in March to its highest levels in years at 7.898 million barrels per day (bpd), official data showed on Monday.
Oil Minister Ali al-Naimi said the Kingdom produced some 10.3 million bpd of crude in March, highlighting the strength of global demand, which has helped lift refinery profit margins to their highest in years.
The world’s top oil exporter shipped 7.35 million barrels per day of crude oil in February this year, down from 7.474 million in January, data supplied by Saudi Arabia to the Joint Organizations Data Initiative (JODI) showed.
The OPEC heavyweight raised its crude production in April to a record high, pumping 10.308 million bpd, a Gulf industry source told Reuters last week.