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UAE Crude Shipments Slip March m-o-m

OIL

Crude and condensate shipments from the UAE slipped in March on a monthly basis to 3.46mn bpd.

  • That compared with 3.68m b/d in February.
  • Crude shipments from the UAE may be further constrained in coming months after OPEC+ at the weekend announced a production cut of more than 1m b/d.
  • UAE flows to India and South Korea fell in March while those to China rose.

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