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Kpler, which tracks oil shipments, estimated that oil exports fell by 1.
84 million barrels
per day in June from May levels as OPEC committed to implementing production cuts with Russia and other allies.
Kpler said in an emailed report that OPEC exported crude oil at an average of 17.
2 million b/d
last month.
Saudi exports fell almost by half, down 979,000 b/d
.
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed to cut oil production by a record 9.
7 million b/d from May 1 to offset the decline
in prices and demand triggered by the coronavirus crisis.
However, a Reuters survey this week also found that OPEC production fell by 1.
92 million b/d
in June.
Kpler, which tracks oil shipments, estimated that oil exports fell by 1.
84 million barrels
per day in June from May levels as OPEC committed to implementing production cuts with Russia and other allies.
Kpler said in an emailed report that OPEC exported crude oil at an average of 17.
2 million b/d
last month.
Saudi exports fell almost by half, down 979,000 b/d
.
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) agreed to cut oil production by a record 9.
7 million b/d from May 1 to offset the decline
in prices and demand triggered by the coronavirus crisis.
However, a Reuters survey this week also found that OPEC production fell by 1.
92 million b/d
in June.
