Saudi Arabia, the world’s biggest crude exporter, cut shipments in April to the lowest level in six months as overseas refineries bought less due to seasonal maintenance and the kingdom burned more oil at home to power air conditioners. Shipments dropped to 7.44 million barrels a day from 7.54 million barrels a day in March, and to the lowest since 7.36 million in October, according to data released Monday by the Joint Organisations Data Initiative in Riyadh. Exports also declined for Qatar, whose shipments slid to the lowest since at least 2002, as well as for fellow OPEC members Iraq and Kuwait, the data show. Oil companies typically shut refineries for maintenance in April and May in preparation for higher summer demand. Saudi Arabia is planning to boost crude production to 10.5 million barrels a day in the next few months as higher summer temperatures boost demand for electricity […]