Saudi oil exports reach 2002 lows

Saudi Arabia's crude oil exports fell to 3.99 million barrels per day in April, the lowest level since data records began in 2002, due to the effects of the American-Israeli war on Iran, which halted shipments from the Gulf and reshaped the global energy market. Additionally, Saudi Arabia's production declined to 6.3 million barrels per day, down from 6.9 million in March, as over 14 million barrels per day of oil production in the Middle East was halted following attacks on energy facilities. This situation further elevates the United States' position as a major oil supplier.

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