Production outages and maintenance are set to push Angola’s oil exports to a 13-year low, according to an industry source quoted by Reuters. There are just 38 oil cargoes scheduled in June, a 10-cargo loss from May levels and represents the lowest exports since this data first began to be tracked in 2006. Just 1.2 million barrels per day are scheduled to be exported from Angola in June. Exports averaged 1.58 million barrels per day in 2017. The lower exports are a result of production issues at Angola’s Girassol offshore platform this month, along with a shutdown of its Saturno oilfield to conduct necessary maintenance. Angola’s oil production has slowly dropped over recent years, averaging 1.63 million bpd in 2017 and 1.51 million bpd in 2018, before falling to 1.45 million in the first quarter of this year, according to secondary sources from OPEC’s Monthly Oil Market Report, as […]