Saudi oil ex­ports rise from five-month low

China Daily (Canada) - - BUSINESS -

Saudi Ara­bia’s oil ex­ports re­bounded in June from a five-month low as the largest OPEC pro­ducer boosted out­put to a record. Ex­ports climbed to 7.37 mil­lion bar­rels a day from 6.94 mil­lion bar­rels in­May, ac­cord­ing to data on the web­site of the Joint Or­ga­ni­za­tions Data Ini­tia­tive. Out­put by the world’s big­gest ex­porter rose to 10.564 mil­lion bar­rels daily from 10.3 mil­lion. Saudi Ara­bia told OPEC its June pro­duc­tion was a record, ex­ceed­ing a pre­vi­ous all-time high set in 1980.

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