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Commodities Briefing - Categorized | Oil, Trading more

OPEC to boost exports 1.6pct on western demand

Posted on 27 May 2011

OPEC will raise exports by 1.6 percent through to the middle of June as refiners in the U.S. and Europe boost operating rates to meet summer demand for gasoline, according to tanker-tracker Oil Movements.
The Organization of Petroleum Exporting Countries, responsible for 40 percent of global supplies, will ship 23.11 million barrels a day in the four weeks to June 11, up from 22.74 million barrels a day in the period to May 14, the consultant said today in a report……………………………………….Full Article: Source


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