Saudi Arabia, the world’s largest oil exporter, saw its crude oil exports fall to 5.994 million barrels per day in July, down from 6.141 million bpd in June—the lowest since March 2025, according to JODI data. Crude production also dropped to 9.201 million bpd from June’s 9.752 million bpd.
Meanwhile, Saudi refineries increased throughput to 2.978 million bpd, about 10% higher than June, while direct crude burning declined to 608,000 bpd.
Earlier this month, eight OPEC+ members—including Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman—agreed to a modest output increase of 137,000 bpd in October, significantly lower than the previous months’ increases.
The International Energy Agency (IEA) predicts that global oil supply will rise faster this year, with a possible surplus in 2026 as OPEC+ and non-OPEC producers boost production.
Editor-at-Large
A passionate writer in the lubricant industry, Awais Iqbal has been covering oils, greases, and industrial fluids since the start of his career. At 25, he’s already written for blogs, catalogs, and brand guides across the UAE. Awais’s insights help companies connect with their audience, and his clear, helpful writing style is trusted by brands in the region.
