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OPEC to boost shipments to nine-month high, Oil Movements says

Posted on 18 November 2011

The Organization of Petroleum Exporting Countries will boost shipments to their highest since before the Libyan uprising to meet rising demand in Asia, according to tanker-tracker Oil Movements.

OPEC will export 23.48 million barrels a day in the four weeks to Dec. 3, an increase of 3.8 percent from the 22.63 million barrels shipped daily in the month to Nov. 5, the Halifax, England-based researcher said today in an e-mailed report. It’s the most since mid-February. The figures exclude Ecuador and Angola………………………………………Full Article: Source


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