Saudi oil exports to U.S. fell 10-fold

15:20 - 19.06.2020

June 19, Fineko/abc.az. The oil exports from Saudi Arabia to the U.S. may fall to the lowest level in the past 35 years.

ABC.AZ informs that this is reported by Bloomberg with reference to experts.

According to Bloomberg, in June of this year electricity supplies decreased by 10 times compared with April and fell by 133,000 bpd.

If this trend continues, exports to the U.S. will renew the 35-year minimum.

According to a representative of the Saudi oil industry, the Kingdom does not plan to increase supplies to the U.S. in the near future.

Riyadh also cut exports to China this month, but increased exports to India and Japan.

 

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