Oil Prices Flat As OPEC Reveals Export Increase ...Middle East

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Oil Prices Flat As OPEC Reveals Export Increase
source : OILPRICE ( Middle East ) () 32
Crude oil exports by OPEC members have gone up by more than 200,000 bpd so far in August, PetroLogistics data has shown, as cited by USB’s Giovanni Staunovo. The total daily rate of oil exports from OPEC averaged 21.39 million bpd. Iran’s oil exports have added 333,000 bpd so far this month, the data also showed. The total Iran has been exporting stood at 1.131 million, PetroLogistics reported. Any news about export increases should be bearish for oil prices, but the recent news that OPEC and its OPEC+ partners are considering production…

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