In May, Saudi Arabia’s oil exports plunged below 7 million barrels per day (bpd) for the first time this year as the world’s biggest crude exporter and several other large OPEC+ producers began a collective cut of 1.6 million bpd in May. Saudi crude exports declined by 388,000 bpd from April to 6.93 million bpd in May, data from the Joint Organizations Data Initiative (JODI) showed on Monday.
In April, Saudi Arabia’s crude exports slumped by 207,000 bpd from March, to 7.32 million bpd – a five-month low at the time, according…Saudi Arabia’s Crude Oil Exports Slumped Below 7 Million Bpd In May
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