JODI: Saudi Arabia Crude Exports Sink To Record Lows

Saudi Arabia’s crude oil exports plummeted to 4.974 million barrels per day (bpd) in March, marking the lowest level on record since the Joint Organizations Data Initiative (JODI) began tracking the data. According to official figures released on May 20, 2026, and cited by Reuters, shipments from the world’s top oil exporter dropped sharply by 31.6% month-on-month from the 7.276 million bpd recorded in February. Saudi production in March clocked in at 6.967 million bpd, down from 10.882 million bpd in February, also the lowest on record,…