Saudi Arabia ’s crude oil exports fell sharply to China to a new low of more than thr

Saudi Arabia's export volume of crude oil in August has fallen sharply. The country is leading the Organization of Petroleum Exporting Countries and other oil -producing countries (OPEC+) to curb output and boost oil prices.

The data compiled by Bloomberg show that Saudi Arabia's crude oil exports fell to about 5.6 million barrels per day, the lowest level since March 2021.In contrast, the revised export volume after July was 6.3 million barrels per day.The country's export destinations to most of the exports, including China and the United States, have fallen to many years.

The preliminary data summarized by Bloomberg is roughly consistent with the data of the company Vortexa and KPler.

Saudi Arabia's exports to China fell to about 1.3 million barrels per day, which was the lowest level since the early days of the crown disease in June 2020. At that time, global oil demand plummeted.

In addition, Saudi Arabia ’s exports to Japan and South Korea in August fell to a new low since Bloomberg began to track the relevant data in 2017.