Preliminary data for crude/condensate exports from Saudi Arabia for the month of July (days 1-15) show a decline of 0.6mbd vs June according to Vortexa.

  • Exports from other OPEC member countries like Kuwait, Nigeria and Algeria are also down by another 0.6mbd vs June.
  • Exports out of UAE and Iraq increased by 0.5mbd over the same period – largely offsetting Saudi reductions.
  • Cuts by Saudi are driving increases in the sour crude market and tightening the diff to sweet crudes.
  • See chart for OPEC crude/condensates export by origin country.

source: Vortexa

OIL: OPEC Exports Slipping in July - Led by Saudi

Last updated at:Jul-21 07:40By: Andrew Couper

Preliminary data for crude/condensate exports from Saudi Arabia for the month of July (days 1-15) show a decline of 0.6mbd vs June according to Vortexa.

  • Exports from other OPEC member countries like Kuwait, Nigeria and Algeria are also down by another 0.6mbd vs June.
  • Exports out of UAE and Iraq increased by 0.5mbd over the same period – largely offsetting Saudi reductions.
  • Cuts by Saudi are driving increases in the sour crude market and tightening the diff to sweet crudes.
  • See chart for OPEC crude/condensates export by origin country.

source: Vortexa