Saudi Crude Exports Hit Five-Month High as Production Falls to Record Low

Saudi Arabia's crude exports rose about 7.9% in August from July to 4.451 million barrels per day, the highest since March, while its oil production fell to a record low of 6.24 million bpd, the Joint Organizations Data Initiative (JODI) showed Wednesday, Reuters reported. Production was 8.135 million bpd in July and 6.560 million bpd in May. Exports were 4.125 million bpd in July. In March, they were 4.974 million bpd, JODI data showed in May. Refinery crude throughput fell by 181,000 bpd to 2.297 million bpd in August from 2.478 million bpd in…