Saudi Arabia’s April crude exports slip to 10-month low
Crude exports from the world's top exporter slipped to 5.408 million barrels per day (bpd) from 5.427 million bpd in March, while crude output edged lower to 8.134 million bpd in April
Reuters
Friday, 18 June 2021
Saudi Arabia's April crude oil exports fell to their lowest level since June 2020, official data showed.
Crude exports from the world's top exporter slipped to 5.408 million barrels per day (bpd) from 5.427 million bpd in March, while crude output edged lower to 8.134 million bpd in April from 8.138 million bpd the previous month, data showed.
Monthly export figures are provided by Riyadh and other members of the Organization of the Petroleum Exporting Countries (OPEC) to the Joint Organizations Data Initiative (JODI), which publishes them on its website.
OPEC and its allies agreed to extend most oil output cuts into April but Saudi Arabia said it would extend its voluntary oil output cut of 1 million bpd, and would decide in following months when to gradually phase it out.