According to a report by Bloomberg on September 7 in London, Saudi Arabia’s oil exports to the United States have increased significantly, marking the pressure on OPEC’s major oil producers to respond to US President Trump’s cooling of the energy market.
Although export growth began earlier this year, in the past three months, Trump has accelerated its export growth after repeated private diplomacy and public tweets to ask Saudi Arabia to increase production to control energy prices.
According to government data, last week Saudi Arabia’s shipments to the US oil reached the four-week average of 1 million barrels per day since the end of 2017, an increase of about 250,000 barrels per day since the end of May.
After OPEC and allies including Russia agreed to increase production in June, Saudi Arabia’s export growth to the United States is almost equivalent to nearly half of the country’s total output growth since the end of May.
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