Saudi oil exports hit a record 9.25mn b/d in September as the Opec kingpin shows scant sign of reining in output ahead of Opec’s planned 30 November meeting in Vienna where the organization is supposed to be striking a deal to limit output.

The record exports came as the kingdom kept output at over 10.6mn whilst cutting direct crude burning by 249,000 b/d in September, the biggest monthly drop since October 2009 and the lowest September figure since 2007, freeing up more crude for...