Saudi Arabia’s Crude Oil Exports Hit a 3-Month High in September

Saudi Arabia’s crude oil exports increased by 80,000 barrels per day (bpd) to 5.75 million bpd in September—the highest in three months, the latest data from the Joint Organizations Data Initiative (JODI) showed on Monday. The September crude exports were the highest since June, likely due to the lower direct crude burning for power generation as the hottest months in the Kingdom ended. Direct crude burning slumped by 296,000 bpd from August to stand at about 518,000 bpd in September, according to the JODI data which compiles self-reported…