Shipments from the kingdom are expected to dip to around 400,000 barrels per day in February and March.

Saudi Arabian oil imports to the United States are expected to drop to their lowest level since October, as high prices and refinery maintenance dissuade purchasers, according to Bloomberg.

Shipments from the kingdom are expected to dip to around 400,000 barrels per day in February and March, down from an average of 500,000 barrels per day in the previous three months, energy intelligence firm Kpler reported.

The decline occurs as the White House works to rein in spiraling inflation. According to a release, US President Joe Biden discussed global energy with Saudi King Salman bin Abdulaziz Al-Saud; So far, the kingdom has committed to its objective of increasing output gradually. Oil prices have already risen past $90 per barrel due to continuous geopolitical concerns in Eastern Europe, adding to inflationary pressures for top consumers such as the United States as pump prices reach new highs.

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