Saudi Arabia in November exported its highest volumes of crude oil in two years, the latest figures from the Joint Organizations Data Initiative showed Monday, as the kingdom boosted its supplies to offset the reimposition of sanctions on Iran by the US. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Saudi Arabia, the world’s largest crude exporter, shipped 8.235 million b/d of crude in November, a 534,000 b/d increase from October. It was the highest level of exports for the kingdom since November 2016, just before OPEC instituted a production cut deal that began January 2017, according to the JODI data. Refinery runs in November rose to 2.836 million b/d, up 21,000 b/d from October, while direct crude burn for power generation decreased to 328,000 b/d, down 5,000 b/d, the JODI data showed. Combining the exports, refinery runs and crude burn figures indicated […]