JODI data: Saudi Arabia's crude oil production decreased in August, with inventories significantly reduced

(1) According to United Oil Database data, Saudi Arabia's crude oil daily output in August decreased by 1.785 million barrels compared to the previous month, falling to 6.314 million barrels per day. (2) In the same month, Saudi Arabia’s average daily crude oil exports increased by 308,000 barrels compared to the previous month, reaching 4.496 million barrels per day. (3) In August, Saudi domestic refineries’ daily crude oil processing volume decreased by 169,000 barrels, down to 2.325 million barrels per day. (4) Saudi Arabia’s crude oil inventory in August dropped by 31.268 million barrels compared to the previous month, with current inventory at 145.02 million barrels.