Caspian Pipeline Consortium Sees Decline in Volumes of Pumped Oil

The Chevron-led Caspian Pipeline Consortium, which pumps crude oil from Kazakhstan and Russia to the Black Sea, said on Thursday, June 2, that its exports fell in May by 40,000 barrels per day from an all-time high reached in April. The group said in a statement that was quoted by Reuters that its shipments were 2.598 million tons or 614,000 barrels per day, down from 655,000 barrels per day in April.