Weaker oil demand growth in key consuming regions and reshuffled trade routes resulted in 2024 in the first decline in the world’s crude oil exports since the 2020-2021 pandemic-influenced slump, Reuters reported on Tuesday, citing ship-tracking data. Global crude exports declined by 2% last year to 41.68 million barrels per day (bpd), down from 42.51 million bpd in 2023, according to data from Kpler cited by Reuters. The decline in 2024 was the first since the period 2020-2021 when crude exports fell from 41.85 million bpd in 2019 to below…
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