Saudi Arabia Crude Exports Fall to 6 Million Barrels Per Day in April

FILE PHOTO: An Aramco oil tank is seen at the Production facility at Saudi Aramco's Shaybah oilfield in the Empty Quarter, Saudi Arabia May 22, 2018. REUTERS/Ahmed Jadallah/File Photo
FILE PHOTO: An Aramco oil tank is seen at the Production facility at Saudi Aramco's Shaybah oilfield in the Empty Quarter, Saudi Arabia May 22, 2018. REUTERS/Ahmed Jadallah/File Photo
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Saudi Arabia Crude Exports Fall to 6 Million Barrels Per Day in April

FILE PHOTO: An Aramco oil tank is seen at the Production facility at Saudi Aramco's Shaybah oilfield in the Empty Quarter, Saudi Arabia May 22, 2018. REUTERS/Ahmed Jadallah/File Photo
FILE PHOTO: An Aramco oil tank is seen at the Production facility at Saudi Aramco's Shaybah oilfield in the Empty Quarter, Saudi Arabia May 22, 2018. REUTERS/Ahmed Jadallah/File Photo

Saudi Arabia's crude oil exports fell to 6 million barrels per day from 6.413 million bpd in March, data from the Joint Organizations Data Initiative (JODI) showed on Monday.
The decline in Saudi exports comes in line with the OPEC+ agreement to cut production, in order to maintain market stability.
OPEC+ has implemented a series of output cuts since late 2022 to support the market amid rising output from the United States and other non-member producers and worries over demand as major economies grapple with high interest rates.
OPEC+ members are currently cutting output by a total of 5.86 million barrels per day (bpd), or about 5.7% of global demand. Those include 3.66 million bpd of cuts, which were due to expire at the end of 2024, and voluntary cuts by eight members of 2.2 million bpd.
On June 2, OPEC+ agreed to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and rising rival US production.
OPEC+ will also gradually phase out the cuts of 2.2 million bpd over the course of a year from October 2024 to September 2025. Eight countries, including Russia, had already pledged to cut production.
Monthly export figures are provided by Riyadh and other members of the Organization of the Petroleum Exporting Countries (OPEC) to the Joint Organizations Data Initiative (JODI), which published them on its website.



After Pressing an Israel-Hezbollah Ceasefire, the Biden Administration Shifts Its Message

 An Israeli mobile artillery unit fires a shell from northern Israel towards Lebanon, Wednesday, Oct. 2, 2024. (AP)
An Israeli mobile artillery unit fires a shell from northern Israel towards Lebanon, Wednesday, Oct. 2, 2024. (AP)
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After Pressing an Israel-Hezbollah Ceasefire, the Biden Administration Shifts Its Message

 An Israeli mobile artillery unit fires a shell from northern Israel towards Lebanon, Wednesday, Oct. 2, 2024. (AP)
An Israeli mobile artillery unit fires a shell from northern Israel towards Lebanon, Wednesday, Oct. 2, 2024. (AP)

The Biden administration says there is a significant difference between Israeli actions that have expanded its war against the Iranian-backed armed groups Hamas and Hezbollah and Iran’s retaliatory missile attack against Israel, which it condemned as escalatory.

In carefully calibrated remarks, officials across the administration are defending the surge in attacks by Israel against Hezbollah leaders in Lebanon, while still pressing for peace and vowing retribution after Iran fired about 200 ballistic missiles at Israel on Tuesday.

President Joe Biden praised the US and Israel militaries for defeating the barrage and warned, “Make no mistake, the United States is fully, fully supportive of Israel.”

Secretary of State Antony Blinken called the Iranian missile attack “totally unacceptable, and the entire world should condemn it.”

There was little criticism that Israel may have provoked Iran's assault. "Obviously, this is a significant escalation by Iran,” national security adviser Jake Sullivan said.

Just a week after calling urgently for an immediate ceasefire between Israel and Hezbollah to avoid the possibility of all-out war in the Middle East, the administration has shifted its message as Israel presses ahead with ground incursions in Lebanon following a massive airstrike Friday in Beirut that killed Hezbollah leader Hassan Nasrallah and Iranian Revolutionary Guard Gen. Abbas Nilforushan.

US officials stress that they have repeatedly come out in support of Israel’s right to defend itself and that any change in their language only reflects evolving conditions on the ground. And, officials say the administration’s goal — a ceasefire — has remained constant.

The US has been quick to praise and defend Israel for a series of recent strikes killing Hezbollah leaders. In contrast to its repeated criticism of Israel's war in Gaza that has killed civilians, the US has taken a different tack on strikes that targeted Nasrallah and others but also may have killed innocent people.

At the Pentagon, Maj. Gen. Pat Ryder made it clear that while the US is still “laser focused” on preventing a wider conflict in the Middle East, he carved out broad leeway for Israel to keep going after Hezbollah to protect itself.

“We understand and support Israel’s right to defend itself against Hezbollah,” Ryder said. “We understand that part of that is dismantling some of the attack infrastructure that Hezbollah has built along the border.”

He said the US is going to consult with Israel as it conducts limited operations against Hezbollah positions along the border “that can be used to threaten Israeli citizens.” The goal, he said, is to allow citizens on both sides of the border to return to their homes.

Part of the ongoing discussions that the US will have with Israel, Ryder said, will focus on making sure there’s an understanding about potential “mission creep” that could lead to tensions to escalate even further.

State Department spokesman Matthew Miller said Tuesday that Israel’s targeting of senior Hamas and Hezbollah leaders as well as its initiation of ground incursions into Lebanon are justified because they were done in self-defense.

“If you look at the actions that they have taken, they were bringing terrorists to justice, terrorists who have launched attacks on Israeli civilians,” Miller said.

By contrast, he said that Iran’s response was dangerous and escalatory because it was done in support of Hamas and Hezbollah, both of which are US-designated terrorist organizations that Iran funds and supports.

“What you saw (was) Iran launching a state-on-state attack to protect and defend the terrorist groups that it built, nurtured and controlled,” Miller said. “So there is a difference between the actions.”

The full-throated defense of Israel, however, may come with risks. So far, there is little evidence that the Biden administration's push for a ceasefire and warnings of broadening the conflict have had much impact on Israeli Prime Minister Benjamin Netanyahu.

In commentary Monday, Jon Alterman, director of the Middle East program at the Center for Strategic and International Studies in Washington, said that US influence on Netanyahu seems to be waning and that he “seems to have blown by US cautions about starting a regional war.”

The White House must “worry that a sustained inability to make diplomatic progress weakens US influence in the Middle East and around the world,” Alterman said, adding that “Netanyahu’s assurance that the United States will stand by Israel in any circumstance emboldens Israel to take more risks than it otherwise would.”