Saudi Arabia’s crude oil exports to U.S. are falling sharply, with shipments so far this month at just 1.6 million barrels, according to data compiled by Bloomberg , versus 5.75 million barrels a year ago. For the whole of January, Saudi Arabia exported just 2.69 million barrels of crude to the United States. The decline follows Saudi Arabia’s decision to cut its crude oil production—primarily heavy crude grades—by more than it agreed to at the December OPEC+ meeting as it seeks higher oil prices. One analyst told Bloomberg oil exports from the Kingdom to U.S. refiners could even fall to zero but that was unlikely to happen. “We could see Saudi oil imports declining to zero into the U.S. Gulf Coast,” Andy Lipow from Lipow Oil Associates said. “OPEC and non-OPEC members feel prices are too low, and they will do what it takes to put the market back […]