Saudi Arabia's oil exports fell by about 100,000 barrels per day in August

Saudi Arabia expects its crude exports to fall by about 100,000 barrels per day in August as the world's largest oil exporter struggles to ensure that oil supplies do not exceed market demand
, Reuters July 19 Dubai said Thursday.

Adeeb Al-Aama said in a statement that Saudi Arabia's crude oil exports in July will be roughly equivalent to June levels
.
This was not mentioned
in the statement on Saudi Arabia's June crude oil exports.

Saudi Arabia exported about 7.
2 million barrels per day in June, while the latest official data showed that 6.
984 million barrels
per day in May, according to an industry insider.

Al-Aama said Saudi Arabia's policy is to strive to meet the needs of customers, but at the same time comply with OPEC and non-OPEC supply agreements
.

OPEC and non-OPEC said they would return to 100 percent compliance with previously agreed production cuts to boost supply
after months of cuts.
That translates to an increase in production of about 1 million barrels
per day.