• 4 minutes The Federal Reserve and Money...Aspects which are not widely known
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 6 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 days Coincidence of EIA Report Delay? - "I had seen it delayed minutes, and a couple of times a few hours, but don’t recall something like this — do others?" asks Javier Blas
  • 2 days European Parliament Members, Cristian Terhes et al, push back against Totalitarian Digital ID and Carbon Tyranny in Europe.
  • 24 hours "How Long Will The Epic Rally In Energy Stocks Last?" by Tsvetana Paraskova at OILPRICE.COM
  • 4 days "...too many politicians believe things that aren’t true." says Robert Rapier
  • 5 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 5 days Demonising fossil fuels has caused major grid problem in Australia
  • 4 days Welcome to Technocracy - The New World Energy Order... "1000s Of Sydney Homes Plunged Into Darkness As Aussie 'Price Cap' Policy Sparks Energy Shortage"
  • 6 days "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 331 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 8 days ESG Topic - "German Police Raid Deutsche Bank, DWS Over Allegations Of Greenwashing" - ZeroHedge Bloomberg and others
Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

Total OPEC Crude Oil Exports Drop In June

Despite higher exports from Saudi Arabia and Libya, OPEC’s combined crude oil and condensates exports dropped in June compared to May, and were below the levels from October last year for a fourth time this year, energy data provider Kpler has said.

OPEC’s total crude and condensate exports stood at 25.187 million bpd last month, down from 25.424 million bpd in May, and down from 25.493 million bpd in October 2016. The lower June overseas shipments were driven by declines in exports by the UAE, Algeria, Kuwait, and Iran, Kpler data showed.

OPEC exports in June were below the October 2016 levels for the fourth time this year. Total exports by the cartel were lower than the October exports level in January, April, May, and June this year, while they exceeded the October export volumes in February and March.

In June 2017, Saudi crude and condensate exports jumped by 657,000 bpd compared to May, and stood at 7.205 million bpd. Still, the level was 171,000 bpd lower than the October 2016 exports. Exports from Libya—which is gradually restoring output and is vying a 1-million-bpd production by the end of July—increased by 77,000 bpd in June compared to May, to 703,000 bpd, Kpler data showed.

These increases, however, were offset by falling exports from Algeria, Kuwait, and most notably—the UAE and Iran. Algeria’s exports fell by 178,000 bpd in June over May, the UAE crude and condensate exports plunged 363,000 bpd to 2.213 million bpd, Kuwait’s exports dropped 209,000 bpd to 2.053 million bpd, and Iranian exports slumped by 226,000 bpd to 2.31 million bpd. Compared to October 2016, Iran’s exports in June were down by 437,000 bpd, data by Kpler showed.

On the other hand, apart from Saudi Arabia and Libya, other OPEC producers that raised their crude and condensate exports last month were Iraq, with exports up by 96,000 bpd in June compared to May, Angola—with exports rising 78,000 bpd month-on-month, and Qatar—whose exports increased by 72,000 bpd in June over May.

(Click to enlarge)

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment
  • Greg on July 08 2017 said:
    Why does Thompson Reuters say exports are up 500k barrels a day from May

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News