Saudi oil exports fell below 6 million bpd in June

Crude oil exports from Saudi Arabia amounted to 5.7 million bpd as of June 29. In May, this figure was at the level of 6.2 million bpd, Enkorr reports.

Bloomberg agency notes that this is the lowest level of Saudi oil exports for the entire monitoring period, citing its own calculations.

Deliveries to China declined month by month by 45%, to 1.1 million bpd. Exports to the United States fell to 224 thousand bpd. As early as April, at the height of the price war with Russia, Saudi Arabia was supplying 1.3 million bpd to the United States.

In the first quarter of this year, Saudi Arabia's oil exports in monetary terms declined year-on-year by 21.9%, or by $11 billion, to $40 billion. According to estimates by the International Monetary Fund, the economy of the world's largest oil exporter could fall by 6, 8%.

It was previously reported that the government of Saudi Arabia called on all major oil producers that are not members of OPEC+ to take part in stabilizing the market.

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