- OPEC keeps crude production steady ahead of planned increases in May
- According to Bloomberg, the cartel pumped an average of 25.27 MMBbl/d in April, around 50 MBbl/d less than March
- OPEC is scheduled to return 2 MMBbl/d to the market over the next three months, beginning with 600 MBbl/d in May
- Oil shipments loaded for India’s public sector refiners hit a seven-month low of 1.78 MMBbl/d in April – Vortexa
- The analytics firm noted that the slowdown in loadings is one of the first “repercussions” of the new COVID-19 wave facing the country
- The country will have to raise exports if refiners do not pull back refinery runs, and demand continues to plummet
- The U.S. Army Corps of Engineers said it does not believe a judge should order the Dakota Access oil pipeline shut while environmental review continues, according to Reuters
- The Army Corps said that it expected to complete an environmental review of the pipeline by March 2022
- The U.S. District Court for the District of Columbia ordered the U.S. Army Corps of Engineers to provide an update on when it plans to complete an environmental review of the pipeline and whether it recommends the line should shut during the process