Saudi Arabia’s exports of crude oil in April were at their lowest since June 2020 as it continued to hold down production well below its OPEC quota, figures from the Joint Organizations Data Initiative showed. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The OPEC kingpin exported 5.408 million b/d in April, down from 5.427 million b/d in March, according to JODI data published June 17. Saudi Arabia in February began cutting an extra 1 million b/d of its crude production to help support oil prices, and only began to unwind this additional cut starting in May as the market has steadily recovered from the coronavirus crisis. Under the supply accord between OPEC, Russia and other allies, Saudi Arabia’s production quota was 9.12 million b/d. Saudi refinery runs fell to 2.295 million b/d in April, while direct use for power generation rose to […]