Saudi crude oil exports plummet as OPEC giant slashes production

Observed flows from the kingdom slumped in August to the lowest since March 2021, according to data compiled by Bloomberg.

Saudi Arabia’s crude exports fell in August in an effort to curb production and bolster oil prices. | Photo: Angus Mordant/Reuters/Ritzau Scanpix

BY BRIAN WINGFIELD, BLOOMBERG

Saudi Arabia’s crude exports fell sharply in August as the kingdom leads an effort by the OPEC+ alliance to curb production and bolster oil prices.

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