OPEC’s Crude Oil Exports Jump Ahead Of OPEC+ Deal Start

Crude oil supply from OPEC members has soared by more than 2 million bpd in April to the highest levels since December 2018, oil-flow tracking company Petro-Logistics said on Tuesday. The highest OPEC supply in nearly a year and a half is being driven by record oil supply out of OPEC’s top producer and the world’s largest oil exporter, Saudi Arabia, and from the United Arab Emirates (UAE), according to Petro-Logistics. Another close Saudi ally in the Gulf, Kuwait, has also boosted its oil exports to multi-year highs this month,…