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Saudi Oil Exports Drop as Shipments to US and China Plunge

  • Observed flows to US fall to lowest since at least early 2017
  • OPEC+ decision to curb November output sparked rift with US
Bloomberg business news
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Saudi Arabia’s crude exports declined in November, as shipments to the US plunged to a multiyear low and flows to China slumped.

Total observed shipments dropped to about 7.1 million barrels a day, the lowest since June, tanker-tracking data compiled by Bloomberg show. That compares with a revised 7.5 million barrels a day in October.