Saudi Oil Exports Rise Amid Iran Conflict

Saudi Arabia's crude exports rose to 6.993 million barrels per day in January from 6.988 million bpd in December, according to data from the Joint Organizations Data Initiative (JODI).

The world's largest oil exporter also saw its crude output hit its highest since April 2023, reaching about 10.100 million bpd.

However, Saudi Arabia is currently facing difficulties in exporting oil due to the war in Iran, which has reduced tanker traffic out of the Gulf to a trickle.