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Commodities Briefing - Categorized | Market Moves, Oil more

OPEC to bolster shipments by most in a year, Oil Movements says

Posted on 11 November 2011

The Organization of Petroleum Exporting Countries will bolster crude shipments this month by the most in at least a year to meet winter demand in Asia, according to tanker-tracker Oil Movements.
OPEC will export 23.3 million barrels a day in the four weeks to Nov. 26, an increase of 4.6 percent from the 22.28 million barrels shipped in the month to Oct. 29, the Halifax, England-based researcher said today in an e-mailed report. Shipments were more than 2010 levels for the first time since Libyan supplies were disrupted in March. The figures exclude Ecuador and Angola………………………………………..Full Article: Source


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