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April 21, 2025
Chart of the Day
EOA: There is No Evidence that the V8 Decision to Increase Production in April is Increasing OPEC Supplies
Summary
Figure (1) shows OPEC's monthly crude exports since January 2014. Exports remain stable at around 19 mb/d, but indications suggest that the OPEC+ V8 decision to unwind voluntary cuts from April 1 has not increased OPEC supplies.