Oil Deepens Slide as Saudi Exports Near Pre-War Levels
Saudi Arabia's crude exports are nearing pre-war levels, extending the recovery in Persian Gulf flows and heightening prospects of a global supply surplus,
Market-moving news and intelligence across global energy markets.
Saudi Arabia's crude exports are nearing pre-war levels, extending the recovery in Persian Gulf flows and heightening prospects of a global supply surplus,
Saudi Arabia approved a July 2026 OPEC+ output hike it cannot deliver, with Brent crude below breakeven, as the Strait of Hormuz remains closed.
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