Saudi Oil Exportsโค Dip to Four-Month Low, Fueling Market Uncertainty
RIYADH – Saudi crude oil exports experienced a important decline inโ July 2025, falling to 5.994 million barrelsโ per dayโ – the lowest level in four months, accordingโค to โคdata released today by the joint data initiative of โคorganizations (Judy). This represents a decrease from 6.141 million barrelsโฃ perโฃ day inโ June.
The reductionโข in exports coincides with a drop inโ overall crude oil production within the Kingdom, which reached 9.201โข million barrels per day in July, down from 9.752 million barrelsโ perโข day the โprevious month, as reported byโ Reuters.โ Together, Saudi refineries increased crude consumption by 10%,โฃ reaching 2.978 million barrels per day comparedโค to 2.703 million barrels per day in june. Direct crude oil burning decreased by 674 thousand โbarrels per day to 608 thousand barrelsโข per day.
Saudi Arabia, a โฃleading member of OPEC, provides monthly export figures to the “Judy” initiative, contributing to โฃclarity in global oil โคmarket data.
The decline in Saudi output occurs as eight members of โthe “OPEC+” coalition recently agreed to a โsmaller increase inโค oil production – 137 thousand barrels per day starting in october โ- โa substantial reduction from the 555 thousand barrels per โday โขincrease โseen in September and August, and the 411 โขthousandโค barrels โคper day increase in july and June. The eight โnations involved in the agreement are Saudi Arabia, Russia, Iraq, the Emirates, Kuwait, Kazakhstan, Algeria, and the Sultanateโฃ of Oman.
Looking ahead, the International Energy Agency anticipates โa โฃrapid rise โin global oil supply throughout 2025, possiblyโฃ leadingโ to a surplus in 2026, driven by increased production from OPEC+ members and non-member countries.โ This evolving supply landscape is being closely monitored by investors and policymakers within the โฃoil sector,raisingโ questions about future market dynamics and potential shiftsโ in global energyโข strategies.