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On July 16, the Joint Organisations Data Initiative released data showing Saudi crude oil exports dropped to 6.02 million barrels per day (bpd) when the OPEC+ production cuts began in May, reaching a nine year low. Saudi Arabia exported a record 10.237 million bpd in April before the cuts.

Saudi Crude Oil in May Reached 9-Year Low

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On July 16, the Joint Organisations Data Initiative released data showing Saudi crude oil exports dropped to 6.02 million barrels per day (bpd) when the OPEC+ production cuts began in May, reaching a nine year low. Saudi Arabia exported a record 10.237 million bpd in April before the cuts.

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