Tanker Operator OPEC+ seaborne exports down 1.8 mbd in January ahead of further planned cuts
Feb 11 2021 New analysis released by commodities intelligence platform Kpler. Kpler data shows OPEC+ seaborne oil exports slumped by 1.8 mbd to 25.5 mbd in January. The decline is relatively unsurprising: although OPEC+ had agreed to boost production by an additional 500 kbd in January, we had actually seen a 1 mbd increase in seaborne exports in December 2020 already. The decrease in exports also comes as Saudi Arabia has pledged a voluntary 1 mbd cut in February and March, part of which may have already been factored in into Saudi production. Further Saudi cut...
Source: tankeroperator.com