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Decreased oil flows to global markets after the decline in exports from Iraq and Russia
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2023-03-04 02:57
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Shafaq News/ Crude oil flows decreased in global markets last month, affected by a significant decline in oil exports from Iraq, Russia and Azerbaijan, while Saudi Arabia compensated for the decline, according to data from "Tanker Trucker".
The data showed that seaborne flows from Russia, Iraq and Azerbaijan decreased by 778 thousand barrels per day, while shipments from Saudi Arabia and the UAE increased by 481 thousand and 88 thousand barrels, respectively.
She added that Iraq's oil exports for the month of February amounted to 3.404 million barrels, a decrease of 202 thousand barrels compared to January, when it was 3.642 million barrels, indicating that stopping Iraq's exports through Ceyhan for several days was the main reason behind the decline in its exports, which is the same problem for Azerbaijan.
According to the data, the total daily flows for the month of February amounted to 30.890 million barrels, a decrease of 290 thousand barrels from January, which amounted to 31.181 million barrels.
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this image.]
2023-03-04 02:57
Share
Font
Shafaq News/ Crude oil flows decreased in global markets last month, affected by a significant decline in oil exports from Iraq, Russia and Azerbaijan, while Saudi Arabia compensated for the decline, according to data from "Tanker Trucker".
The data showed that seaborne flows from Russia, Iraq and Azerbaijan decreased by 778 thousand barrels per day, while shipments from Saudi Arabia and the UAE increased by 481 thousand and 88 thousand barrels, respectively.
She added that Iraq's oil exports for the month of February amounted to 3.404 million barrels, a decrease of 202 thousand barrels compared to January, when it was 3.642 million barrels, indicating that stopping Iraq's exports through Ceyhan for several days was the main reason behind the decline in its exports, which is the same problem for Azerbaijan.
According to the data, the total daily flows for the month of February amounted to 30.890 million barrels, a decrease of 290 thousand barrels from January, which amounted to 31.181 million barrels.
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