Riyadh
Saudi Arabia’s crude oil exports to the United States fell to the lowest in 35 years in October, averaging less than 100,000 bpd.
In the week to November 27 alone, the volume of Saudi oil shipments to the US fell to as little as 73,000 bpd.The average daily volume for October beat another low, recorded for August, at 177,000 bpd, as OPEC’s top producer and exporter tried to tighten crude oil supply amid plummeting prices.
To compare, the Saudis shipped as much as 1.3 million bpd to the United States in April.
When they sent a fleet of supertankers to flood the US market with oil during the price war with Russia at the end of March and early April.
Back in April, the tanker fleet from Saudi Arabia coincided with the massive oil demand loss and threatened to overflow US storage capacity.
After that, however, Saudi Arabia changed tack and started tightening exports to the US while raising shipments to China.—TLTP
