U.S. Saudi crude imports fell to zero in July for the first full month since 1985 as Hormuz disruptions shifted buying to Venezuela.

INTELLIGENCE SUMMARY

U.S. Saudi crude imports fell to zero in July for the first full month since 1985 as Hormuz disruptions shifted buying to Venezuela. Saudi imports are expected to rebound to around 300,000 bpd this month, according to Kpler. Source: Bloomberg