U.S. refiners are receiving smaller shipments of oil from members of the Organization of Petroleum Exporting Countries (OPEC) due to the bloc’s production cut agreement, according to a new report by Bloomberg. Weekly crude imports from seven bloc nations dropped by 14 percent last week, the Energy Information Administration said. The fall brings import levels down to the lowest since 2010, when the agency first started collecting weekly data. Ecuador cut shipments to the United States by 86 percent and Kuwait cut exports by 58 percent, week-over-week.…
https://oilprice.com/Energy/Crude-Oil/OPEC-Curbs-Oil-Shipments-To-US-Refiners.html
