Saudi Arabia boosts oil output 12.2% to 8 million bpd in September

Key facts

• Saudi Arabia's crude oil output reached 8 million barrels per day in September.
• Production increased 12.2% from the previous month.
• Exports were rerouted through the Red Sea port of Yanbu.
• The Kingdom utilized ship-to-ship transfers outside the Strait of Hormuz.
• Brent Crude prices settled at $103.5 per barrel at the end of September.

Saudi Arabia's crude oil production increased by 12.2% in September to 8 million barrels per day, according to Al Rajhi Capital Research. This recovery follows low output levels earlier in the year, with the Kingdom rerouting exports through its Red Sea port of Yanbu and employing ship-to-ship transfers outside the Strait of Hormuz. Despite a temporary halt to operations at Yanbu on September 10 due to pipeline attacks, production rose as the country navigated logistical challenges. Brent Crude prices ended September at $103.5 per barrel, contributing to higher oil revenues.