Saudi Arabia's crude oil exports fell for a third consecutive month in May to a record low of 3.43 million barrels per day, mainly due to disruptions from the U.S.-Iran conflict and higher domestic oi

INTELLIGENCE SUMMARY

Saudi Arabia's crude oil exports fell for a third consecutive month in May to a record low of 3.43 million barrels per day, mainly due to disruptions from the U.S.-Iran conflict and higher domestic oil use. Despite a slight recovery in production, regional tensions—including the Houthis' threat to blockade Saudi shipping—continue to raise concerns over global energy supplies and trade. Source: Reuters