Saudi Arabia’s oil exports fall to 21-month low   ...News

Crude shipments plunged below 7 million barrels per day in June, data has revealed Shipments of crude oil from Saudi Arabia have slumped to their lowest level in almost two years, the latest data by the Joint Organizations Data Initiative (JODI) revealed on Wednesday. Riyadh’s oil exports totaled 6.80 million barrels per day (bpd) in June, representing a decrease of 124,000 bpd compared to May, data compiled by JODI showed. Crude supplies from the world’s top oil exporter plunged below 7 million bpd for the first time this year as the kingdom along with several other major OPEC+ producers opted for a collective ou

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