Saudi Arabia’s crude oil exports dipped by 89,000 barrels per day (bpd) in July, while volumes used by local refineries and the country’s refined products shipments rose from a month earlier, official data showed on Sunday. The world’s biggest crude exporter trimmed its production by around 200,000 bpd in July pumping 10.361 million bpd, but Riyadh shows no signs of wavering on its strategy of defending market share and feeding a growth in global as well as domestic demand. The OPEC heavyweight shipped 7.276 million bpd in July down from 7.365 million bpd in June, figures published by the Joint Organisations Data Initiative (JODI) showed. Monthly export figures are provided by Riyadh and other members of the Organization of the Petroleum Exporting Countries (OPEC) to JODI, which […]