Arab News | Fresh blow to Saudi Arabia: US oil output hits two-year high Express.co.uk Fresh blow to Saudi Arabia: US oil output hits two-year high. AMERICA is pumping the highest levels of oil in more than two years, hitting Saudi Arabia's efforts to limit supply and raise prices. By Lana Clements. PUBLISHED: 16:05, Thu, Aug 17, 2017 ... Oil Prices Rise As Saudi Exports Hit 33-Month Low Saudi Arabia crude oil exports fall slightly in June |