Saudi Arabia’s Crude Oil Exports Slump To 21-Month Low In June

Saudi Arabia’s crude oil exports dropped in June to the lowest level in 21 months, the latest data by the Joint Organizations Data Initiative (JODI) showed on Wednesday. The Kingdom, the world’s top crude oil exporter, shipped 6.80 million barrels per day (bpd) of crude in June, down by 124,000 bpd compared to May, according to JODI, which compiles self-reported data from many countries. In May, Saudi Arabia’s oil exports plunged below 7 million bpd for the first time this year as the Kingdom and several other large OPEC+ producers…