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The key OPEC oil producers seem to be finding it harder than expected to sell their output overseas. The probable resulting buildup in their stockpiles should at least help offset the drop in Iranian supplies as U.S. sanctions bite deeper.Crude oil exports from the five Persian Gulf Arab members of OPEC fell by about 1.1 million barrels a day last month, after surging in June, according to Bloomberg tanker tracking.In any case, much of the seasonal increase in oil demand would already have happened by June and summer temperatures in Saudi Arabia haven't been that high this year.Saudi stockpiles fell by 95 million barrels, or 29 percent, between October 2015 and the end of April 2018, according to JODI data.
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