Saudi Arabia’s oil exports may touch 10-year new low in May
According to the market news, the total exports of crude oil from Saudi Arabia in May might drop dramatically, left to only 600 million barrels/day, which might be the lowest volume in recent 10 years.
The main reason for the plunge on exports of crude oil from Saudi Arabia this May might be caused by the COVID-19 epidemic influence, plus the cut-production agreement with the other OPEC+’s members.
