Saudi Crude Exports Fall 460,000 B/D in July Amid Vessel Threats

Hyperdash NewsCommodities

Saudi Arabia's crude exports decreased by 460,000 barrels per day in July, totaling 4.19 million b/d. Threats to vessel traffic contributed to this reduction in shipments. Concurrently, Ukrainian strikes hit Russian oil infrastructure at least 30 times in July, impacting supply chains.

The SUMED pipeline, with a capacity of 2.5 million barrels daily, represents a primary maritime route for Saudi Arabia. This capacity constraint limits the rerouting of oil flows. On Hyperdash,

WTI Crude has moved +0.00% and Brent Crude -0.02% since the news.

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