OPEC Exports -390,000 B/D In 4 Weeks To May 6 – Consultant

Seaborne crude oil shipments by the Organization of Petroleum Exporting Countries are expected to fall by 390,000 barrels a day in the four weeks to May 6 compared with the average of the previous four weeks, a leading tanker tracker said Thursday.

U.K.-based Oil Movements forecasts OPEC’s shipments will fall to 24.32 million b/d compared with 24.71 million b/d in the four weeks to April 8.

“All of the decline is from the Gulf region and can be attributed to the beginning of the Eastern maintenance season,” said Oil Movements head Roy Mason.
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