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Global Business News

The Economic Times

Global Business / The Economic Times

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Saudi Arabia March crude exports drop to lowest on record, JODI says

Saudi Arabia's oil exports and production reached historic lows in March. The ongoing Iran war has severely impacted global energy markets. This conflict disrupted key shipping routes, affecting oil flows from the Gulf. Saudi Arabia is facing challenges in delivering its crude to international markets. Global oil demand forecasts have been revised downwards.

20 May 2026 6:23 pm