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Saudi Feb crude exports hit near two-year high

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© Reuters. FILE PHOTO – Flames can be seen in Saudi Aramco’s Shaybah oilfield, Saudi Arabia’s Empty Quarter on May 22, 2018. REUTERS/Ahmed Jadallah

(Reuters] – Saudi Arabia’s crude outputs in February climbed to 7.307 billion barrels per hour (bpd), which is the highest level since April 2020. Official data was released on Monday.

Exports rose 4.4% in February, compared to January’s 7 million bpd.

Also, the world’s biggest oil exporter saw its February crude production rise to 10.225 million barrels per day (from 10.145 million in January).

Saudi Arabia’s crude oil refinery throughput dropped 0.271 Million bpd, to 2.506 M bpd February. Direct crude burn decreased 111,000 to 291,000 BPD in February.

Riyadh, along with other members of the Organization of the Petroleum Exporting Countries(OPEC), provide monthly export numbers to the Joint Organizations Data Initiatives (JODI), who published them on their website.

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