S. Arabia’s crude oil exports hit 9-m high – JODI

Saudi Arabia’s crude oil exports hit a nine-month high, rising 1.5 per cent to 6.413 million barrels per day (bpd) in March, according to Reuters citing the Joint Organisations Data Initiative (JODI) data on Monday.

This data, crucial for global oil markets, underscores Saudi Arabia’s pivotal role in shaping industry trends.

Moreover, despite a slight production dip, internal dynamics reflect ongoing unrest. With OPEC+ considering output cuts extension, market watchers eye June’s online policy meeting.