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The Exports Of OPEC Crude Oil Fell In August
Sep 14, 2017

According to Thomson Reuters Petroleum Research - OPEC crude oil exports were 25.19 million barrels per day in August, it’s the lowest level since April this year.

In order to ease the oil market supply, although OPEC stimulate oil prices in January this year to March next year to cut production, but from January to August, OPEC average crude oil exports of 2505 million barrels a day, higher than the same period last year 2485 million barrels a day. Studies show that OPEC crude oil exports fell by 37 million barrels a day in July-August this year was mainly due to Venezuela's political and economic crisis and the disruption of production in African countries.

Thomson Reuters Petroleum Research on a report released on Wednesday said, "The export volume of OPEC Africa's member countries in July this year has been the highest level since January 2015 at least. there is a significant reduction 54 million barrels a day in exports in August. ”



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