Saudi oil exports decline in April

Saudi Arabia's crude oil exports fell to 5.408 million barrels in April from 5.427 million barrels per day in March. At the same time, daily oil production dropped from 8.138 million barrels per day in the previous month to 8.134 million barrels.

In April, oil refining at Saudi refineries declined to 2.295 million barrels per day, while crude oil reserves rose to 134.085 million barrels.

In the same month, daily exports of oil products reached 1.216 million barrels, while demand for oil products for the same period increased to 2.15 million barrels per day.

The kingdom's gross domestic product fell 3% in the first quarter, slightly below official estimates.