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Wednesday, October 21, 2026Updated 19:26 UTC

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Saudi Crude Exports Hit Five-Month High as Production Falls to Record Low

Source: OilPrice.com · Oct 21, 2026 17:30 UTC

An oil tanker ship in the Houston Ship Channel — File photo roger4336 / Flickr · CC BY-SA 2.0 · Source

The Quick Take

Saudi Arabia's crude exports rose about 7.9% in August from July to 4.451 million barrels per day, the highest since March, while its oil production fell to a record low of 6.24 million bpd, the Joint Organizations Data Initiative (JODI) showed Wednesday, Reuters reported. Production was 8.135 million bpd in July and 6.560 million bpd in May. Exports were 4.125 million bpd in July. In March, they

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