Saudi Arabia reported that the value of its crude oil exports in March 2026 reached $24.7 billion, the highest monthly revenue tally in over three years, according to a Bloomberg analysis. Rising global crude prices amid geopolitical tensions and supply constraints have pushed export proceeds upward even as physical shipments have weakened.

However, the actual volume of Saudi crude exports plunged to **around 4.974 million barrels per day (bpd) in March — the lowest since record‑keeping began in 2002, according to data from the Joint Organizations Data Initiative (JODI). This marks a sharp drop from approximately 7.276 million bpd in February, largely due to ongoing conflict in the Middle East and disruptions to transit routes like the Strait of Hormuz.

The divergence between export revenues and physical volumes reflects higher crude price realizations on international markets, as benchmarks such as Brent and West Texas Intermediate climbed amid broad supply risks. Even though Saudi shipments were constrained, selling remaining cargoes at elevated prices translated into stronger export proceeds. Additionally, domestic use of crude for power generation and refinery throughput shifts have further influenced export dynamics.