- BIST10012,151-0.94%
- USD49.34+0.24%
- EUR55.21-0.01%
- GOLD4,180.40-0.24%
- INTEREST37.00%-1.00
- BITCOIN82,276+0.64%
- October 13, 202617°
- BIST10012,151-0.94%
- USD49.34+0.24%
- EUR55.21-0.01%
- GOLD4,180.40-0.24%
- INTEREST37.00%-1.00
- BITCOIN82,276+0.64%
- October 13, 202617°
Saudi Arabia's crude oil exports fell to a record low in April
Saudi Arabia's crude oil exports fell by about one million barrels per day in April compared to the previous month, dropping to the lowest level recorded since 2002.
Saudi Arabia's crude oil exports fell by about one million barrels per day in April compared to the previous month, dropping to 3.99 million barrels per day. This figure represents the lowest export level seen since records began in 2002 by the Joint Organisations Data Initiative (JODI).
The sharp decline from 4.974 million barrels per day in March is being linked to geopolitical tensions in the region and disruptions in the supply chain.
Production also declined
According to JODI data, Saudi Arabia's crude oil production also fell to 6.3 million barrels per day in April. This indicates a significant decrease compared to the production of 6.9 million barrels per day in March and constitutes the lowest production level in the current records.
Various international organizations such as Eurostat, the International Energy Agency (IEA), and OPEC provide data to JODI, a platform for global oil and gas statistics.
Refinery throughput and domestic consumption
The data showed that the amount of crude oil processed at Saudi refineries remained steady at 2.2 million barrels per day in April.
On the other hand, an increase was seen in the amount of crude oil burned directly for electricity generation. This usage increased by 210,000 barrels per day compared to the previous month, reaching 540,000 barrels per day.
With the reshaping of the global energy trade map, the United States is reported to have risen to the position of the world's largest oil exporter. This situation is interpreted as a transformation ending the decades-long dominance of Saudi Arabia and Russia.
Stay Updated with The Turkiye Times
Subscribe to be informed about special news, developments and announcements. We will keep you informed.
By signing up, you agree to our Privacy Policy
