Saudi Crude Exports Plummet to Record Low Amid US-Iran Conflict

Saudi Arabia's crude oil exports plummeted to a record low in April, according to data from the Joint Organizations Data Initiative (JODI). The country shipped approximately 3.99 million barrels per day (bpd) of crude oil in April, down from 4.97 million bpd in March.

This marks the second consecutive month of declining exports for Saudi Arabia, which has traditionally been one of the world's largest oil producers and exporters. The JODI data extends back to 2002, providing a long-term perspective on Saudi Arabia's crude oil production and export trends.

The decrease in exports is attributed to the ongoing conflict between the US and Iran, which has disrupted shipping through the Strait of Hormuz. The US has become the world's largest oil exporter, surpassing Saudi Arabia and Russia, as a result of this shift in global energy trade dynamics.