Saudi Arabia's crude oil exports fell to 3 million barrels per day in August, hitting a record low

```htmlJinse Finance reports that, according to oil tanker tracking data compiled by Vortexa and Kpler, Saudi Arabia's observable crude oil exports in August were around 3 million barrels per day, the lowest level recorded since early 2017. Saudi vessels in the Red Sea have been attacked by Yemen's Houthi militants, threatening the routes Saudi Arabia uses to avoid the Strait of Hormuz. These attacks have caused panic among Saudi Arabia's clients, with some unwilling to use Saudi's Red Sea ports. Riyadh has been forced to seek alternative routes via Africa, increasing the journey by thousands of miles and disrupting global supply chains.```