Reuters: global oil exports slow amid trade tensions

According to Reuters, global exports of oil, gasoline, and diesel declined year-on-year between January and April 2025. This downturn reflects slowing global economic activity following stringent import tariffs implemented by the US administration.

The liquefied natural gas (LNG) and petrochemical sectors have shown stronger figures this year, though potential declines loom amid ongoing trade tensions.

According to Kpler, global oil exports reached 4.93 billion barrels between January and April, marking a 1.3% year-on-year decline. This reduction primarily reflects decreased energy imports by China during this period.

Meanwhile, Kpler reported record-high oil shipments to India, Malaysia, Lithuania, Myanmar, and Oman between January and April 2025.

Total LNG exports from January to April reached 143 million tons, reflecting a 1% increase compared to the same period last year. However, any sustained decline in natural gas supplies in the coming months could easily negate this annual growth.