Originally Released on 27 April 2017
**April – 2017 figures are preliminary. Last update: April 27th
- Iran, Libya and Nigeria did not manage to boost exports in the last few months. Preliminary data shows that Iran April exports could reach a 10-month record low.
- After reaching 660 kbd in December, Libyan exports have decreased consistently and might finish the month below 500 kbd.
Below, a comparison between combined exports coming from countries that agreed to cut production and countries exempted from cuts:
EIA published one of the highest US import numbers for week-ending 04/21. Our data showed that a significant increase of imports coming from Arab Gulf were in part at the origin of such numbers. Crude from 9 different VLCCs reached US ports during that week.
The picture below shows all the ULCCs and VLCCs heading towards US Gulf Coast on April 27th. In the orange box, 9 ULCCs and VLCCs that indicated ETA between May 10th and May 15th. If we take into consideration the time needed to transfer their volumes via ship-to-ship operations, this could result in a situation similar to what happened week-ending 04/21 in week-ending May 19.