Saudi Sept. Oil Exports Drop to 2-Year Low

Saudi Arabia’s crude oil exports dipped to a 22-month low of 6.67 million bpd in September when the kingdom’s oil infrastructure was attacked that knocked off 5% of global daily supply for weeks.
According to data released on Tuesday by the Joint Organizations Data Initiative (JODI) database, which collects self-reported figures from 114 countries, Saudi crude oil exports in September declined by 211,000 bpd from August, Oil Price reported.
After the attacks on September 14, Saudi officials reassured the oil market that not a single oil shipment to customers would be skipped, although the kingdom has reportedly offered to ship some customers’ different crude grades from what they had nominated.   
Due to the attacks, OPEC’s total production slumped by 1.318 million bpd from August to 28.491 million bpd in September. This was the steepest month on month drop in OPEC’s production in more than a decade and a half.
According to OPEC’s secondary sources, production in Saudi Arabia plunged by 1.28 million bpd to 8.564 million bpd in September. The Saudis, however, self-reported to OPEC that production was down by just 660,000 bpd in September from August, at 9.129 million bpd.