Export of Saudi oil in USA and China has sharply decreased

The volume of oil exports from Saudi Arabia in the USA and China in November decreased sharply compared to the last month. This conclusion was brought by the Bloomberg agency by analyzing the tracking data of sea vessels.

oil exports from Saudi Arabia in the United States decreased compared to October by 304 b/s – to 83 thousand b/s. This is the lowest indicator since 2017, when the agency began to track data on sea transportation of oil.

Bloomberg notes that the November values ​​can grow, since the courts that were transported about 18 million barrels of Saudi oil, which were loaded last month, still have not reported their end points of appointment.

The volume of deliveries to China in November amounted to 1.6 million b/s, which is 300 thousand b/s less than last month. Last time, Bloomberg recorded similar values ​​in 2020.

The agency observed in November, the volumes of oil exports are “exclusively small”, especially when you consider that in September, supplies from the kingdom to the United States reached 667 thousand b/s – the highest indicator over the past two years.