Oil Prices Slip As OPEC Oil Exports Creep Higher

OPEC’s crude oil exports reached 26.68 million bpd last month,
energy data provider Kpler said, on the back of higher shipments
from Libya, Nigeria, and the UAE. The figure was up by almost
388,000 bpd from June. The UAE led the increase, shipping 326,000
bpd more in July than in June. Yet, Kpler notes, the June average
was lower than usual, so the total for July, at 2.6 million bpd,
was basically flat on May. Libya, which has ramped up its crude oil
output to above 1 million barrels, exported an average daily of
907,000 bpd in July, up 182,000…

OPEC’s crude oil exports reached 26.68 million bpd last month,
energy data provider Kpler said, on the back of higher shipments
from Libya, Nigeria, and the UAE. The figure was up by almost
388,000 bpd from June. The UAE led the increase, shipping 326,000
bpd more in July than in June. Yet, Kpler notes, the June average
was lower than usual, so the total for July, at 2.6 million bpd,
was basically flat on May. Libya, which has ramped up its crude oil
output to above 1 million barrels, exported an average daily of
907,000 bpd in July, up 182,000…