The OPEC+ group raised their total seaborne exports in September to 22.84 million barrels per day (bpd) from 22.11 million bpd in August, but the alliance stayed within its agreed ceiling, IHS Markit data and analysis showed on Thursday.
OPEC’s crude oil shipments rose last month to 18.2 million bpd, up from 17.53 million bpd exported on tankers in August, according to data from IHS Markit Commodities at Sea.
Saudi Arabia’s shipments have recovered from the lows in June, when they were below 5 million bpd, and returned to above 6.25 million bpd in September, close to the levels last observed in March 2020, before the Saudis flooded the world with oil in April in the brief price war with Russia, wrote Fotios Katsoulas, Liquid Bulk Principal Analyst, Maritime & Trade at IHS Markit, and Raj Rajendran, Principal Journalist, OPIS.
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