US Sends First Crude Shipment to Saudi After Hiatus

US Sends First Crude Shipment to Saudi After Hiatus

Data released from the US Census Bureau has shown that US sent the first shipment of crude oil to Saudi Arabia in June in what appears to be the first such delivery since the end of banning crude exports in 2015, according to Reuters.

The data reported that the shipment included 550,000 barrels equivalent to 18,300 barrels per day (bbl/d) of crude. This shipment is less than what would be shipped by the smallest tankers. Some traders said that this shipment might be a part of another shipment to another country.

It is worth noting that Saudi Arabia is one of the biggest crude suppliers to US and it sent a shipment of 1.2 million bbl/d in May. US crude exports increased since the end of export ban in 2015.

 

 

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