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According to U.S. Customs data, Saudi oil shipments to U.S. Gulf refineries reached 2.69 million barrel in January and 1.6 million in February comparing to 5.75 million last year. Total Saudi oil exports to the U.S. fell in the third week of February to 346,000 bpd, the lowest in almost nine years. An expert expected West Coast refineries to continue importing Saudi oil due to limited supply options.

Saudi Oil Exports to U.S. Gulf Refineries Down by Half

According to U.S. Customs data, Saudi oil shipments to U.S. Gulf refineries reached 2.69 million barrel in January and 1.6 million in February comparing to 5.75 million last year.

Total Saudi oil exports to the U.S. fell in the third week of February to 346,000 bpd, the lowest in almost nine years.

An expert expected West Coast refineries to continue importing Saudi oil due to limited supply options.

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