Saudi Arabia’s crude oil exports fell to their lowest level in nine years, according to a report highlighted by The Cradle and referenced by ZeroHedge. The reduction places new pressure on global energy markets already strained by conflict and supply disruptions. According to the report, the kingdom’s exports averaged approximately 5.6 million barrels per day (bpd) in August [1]. The decrease represents a continuation of deliberate production policy. Crude exports declined 4.2% from July and 12.3% year-on-year, according to data from the Joint Organizations Data Initiative cited in the report [1]. Crude production fell to 8.9 million bpd during the…
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