Top oil exporter Saudi Arabia's July crude oil exports gained for a second-straight month to their highest in more than two years, data from the Joint Organisation Data Initiative (JODI) showed on Sept. 19.
Saudi Arabia's exports rose 2.5% to 7.38 MMbbl/d in July - highest since April 2020 - from 7.20 MMbbl/d in June.
The country had raised its July crude prices for Asian buyers to higher-than-expected levels amid concerns about tight supply and expectations of strong demand in summer. It had also raised its OSP for European and Mediterranean buyers but kept U.S. differentials unchanged.
Saudi Arabia was India's No. 3 supplier in July and also retained its spot as the biggest exporter to China during the first half of the year.
Saudi production also climbed to its highest in more than two years to 10.815 MMbbl/d from 10.646 MMbbl/d in the previous month.
Saudi's domestic crude refinery throughput fell about 3% to 2.763 MMbbl/d in July, while oil products exports stood at 1.429 MMbbl/d.
Meanwhile, an internal document showed, OPEC+ fell short of its oil production target by 2.892 MMbbl/d in July.
Earlier this month, OPEC and its allies led by Russia agreed on a small oil production cut to bolster prices that have slid on fears of an economic slowdown.
Monthly export figures are provided by Riyadh and other OPEC members to JODI, which publishes them on its website.
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