Tuesday, August 24, 2021

Saudi Arabia Update -- Recovery -- August 24, 2021

Saudi Arabia foreign exchange reserves, link here. For last month, I think that was an all-time low in modern history, but this month a nice recovery, foreign exchange reserves in Saudi Arabia increased to 1672260 SAR million in June from 1639349 SAR million in May, 2021:

Saudi oil exports, June, 2021, soared by 123%, link to Tsvetana Paraskova:

Saudi Arabia’s crude oil exports hit a five-month high in June at nearly 6 million barrels per day (bpd) as the world’s top oil exporter and entire OPEC+ group continued to ease the cuts amid recovering global demand.

Saudi Arabia’s crude oil exports in June rose for a second consecutive month to reach 5.965 million bpd, data from the Joint Organisations Data Initiative (JODI) showed last week. That was the highest export volume since January 2021.

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