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Saudi Exports Show Marked Recovery in September: Vortexa

OIL

Crude/condensate exports from OPEC+ countries have been more or less stable in the first 24 days of September, except for a marked recovery in Saudi exports by about 0.7mbd from 5.3mbd to 6mbd according to Vortexa.

  • OPEC+ cuts are now finally hitting arrival levels in consumer markets.
  • Over Sep 1-24, 25.5mbd of OPEC+ crude/condensate arrived in importing countries, down 1.5mbd from August. Over the rest of the year, OPEC+ arrivals had been pretty steady.




source: Vortexa

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