OPEC oil exports dropped in June

OPEC’s total oil exports stood at 25.187 million barrels per day (bpd), down from 25.424 million bpd in May, and down from 25.493 million bpd in October 2016.  The decline in exports was driven by UAE, Algeria, Kuwait and Iran. 

Saudi Arabia exports jumped by 657,000 bpd compared to May, and stood at 7.205 million bpd.