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Saudi oil exports fall to a 13-year low as shipping routes shut
The report links the drop to limited safe shipping options as war disrupts routes.
The New York Times Business reports that Saudi Arabia’s oil exports have fallen to a 13-year low.
The outlet attributes the decline to the spread of war, which has shut off or disrupted shipping routes.
With few options to move crude safely, Saudi producers have had fewer ways to get oil to buyers.
As a result, exports have dropped sharply, reaching the lowest level in 13 years.
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