OPEC’s Smallest Producer Sees Crude Oil Exports Drop To Zero

Equatorial Guinea, a small West African country and OPEC’s smallest oil producer, did not export any crude oil in May due to output declines and no new projects to replace lost production, Petro-Logistics said on Thursday. So last month, Equatorial Guinea’s crude oil exports hit zero, according to the crude flows tracking firm.

Source: Petro-Logistics on Twitter Equatorial Guinea, like other West African producers, faces the common problem of declining production mingled with a lack of immediate new projects coming on, Petro-Logistics…