Foreign trade data from the United States Census Bureau last Friday showed that US crude oil exports amounted to 2.71 million barrels per day in May, compared to 3.24 million barrels per day in April.
Exports to India were almost stable at about 361,000 barrels per day, while shipments to Canada decreased to about 272,000 barrels per day, compared to about 354,000 barrels per day in the previous month.
Crude exports to the Netherlands, one of the largest destinations, fell to about 245,000 barrels per day, compared to 425,000 barrels per day in April.
On the other hand, oil prices fell yesterday after the OPEC + ministers postponed their meeting on production policy, while sources said that the UAE obstructed plans to return two million barrels per day to the market in The second half of the year.
The two benchmarks made gains on Thursday, on the unexpectedly cautious plans of the Organization of the Petroleum Exporting Countries and its allies, the group known as OPEC+, and a proposal that sources said. It is backed by Saudi Arabia and Russia was to add the group of producers 400,000 barrels per day every month from August until the end of the year.
