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CPC Flows Expected to Slip 9% m/m in August

OIL PRODUCTS

Caspian Pipeline Consortium increased oil exports by around 3% y/y in January - July to 1.43 mn bpd, Reuters sources said on Monday.

  • It is equivalent to 38.82 million tons for the period, with July exports rising to 5.61 million tons from 5.55 million tons in June.
  • Tengiz maintenance is expected to result in a 9% m/m drop in August to about 4.9 million metric tons.

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