Crude oil exports fell 4.5% in May

On Wednesday, Saudi Arabia's crude oil exports fell 4.5% on a monthly basis in May and the Kingdom's exports to 6.984 million barrels a day in May, against 7.312 million barrels per day in April, "Turkish Anatolia."

Saudi Arabia, the largest oil producer of the Organization of the OPEC (Organization of Petroleum and Petroleum Organization), bears the brunt of the production reduction agreement of 438,000 barrels per day, 1.8 million barrels per day, with the end of the agreement in December 2018, and despite the agreement to reduce production by 1.8 billion barrels a day, but the countries participating in the deal exceeded the daily reduction to 2.2 billion barrels.

OPEC members and producers Independents agreed on June 23 to increase crude oil production by 1 million barrels a day starting this month, against an increase of 2.2 million bpd to 1.2 million bpd. Saudi Arabia increased its crude output in June to 10.4 million barrels a day, up from 9.9 million the previous month, according to figures from the Oil and Petroleum Organization.

Jodi, an international organization founded by a decision by crude oil producers around the world in the early 1990s, aims to collect and report crude oil production figures and statistics around the world. 39; studies.