Saudi Cutting Oil Deliveries to U.S. as It Tightens Supply
- Flows have dwindled as kingdom seeks to tighten global supply
- U.S. weekly imports of Saudi crude fall to near-record low
An oil tanker sits at the port of Ras al-Khair, Saudi Arabia.
Photographer: Giuseppe Cacace/AFP via Getty Images
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Saudi Arabia is continuing to divert its oil away from America’s shores.
The kingdom last month loaded about 5.6 million barrels a day on to tankers, a small increase from July, vessel-tracking information compiled by Bloomberg show. Within that, an ever-smaller share went to the U.S., and import data show that deliveries in August were likely the lowest in decades.