May 02, 2023 09:04 GMT
Kuwaiti Oil Exports Tick Higher in April
Crude flows from Kuwait jumped 12% to about 1.95m b/d in April from a revised 1.74m b/d in March, according to Bloomberg tanker tracking.
- March’s pace was the lowest since January 2021.
- Shipments to Kuwait’s biggest-buyer China in April jumped by 97k b/d, or 23% m-o-m, to at least 517k b/d.
- Kuwait’s crude shipments may be constrained in coming months after OPEC+ announced in early April that it would make voluntary reduction cuts which will hit Kuwait by 128k b/d until the end of the year.
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