Caspian Oil Exports to Drop as Giant Oilfield Undergoes Maintenance ...Middle East

Exports of the CPC blend from the Black Sea via the network of the Caspian Pipeline Consortium (CPC) are expected to drop by 12% in May compared to the scheduled shipments for April, due to a planned oilfield maintenance, Reuters reported on Wednesday, citing sources with knowledge of the matter.  CPC blend exports are seen down to around 4.9 million metric tons in May, compared to 5.4 million tons planned to be exported in April, according to Reuters’ sources. The expected decline in exports is because of the planned maintenance…

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