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OPEC to trim exports on seasonal demand lull, Oil Movements says

Posted on 27 July 2012

The Organization of Petroleum Exporting Countries will trim exports through to the middle of next month as refiners cut their crude intake during seasonal maintenance, according to tanker-tracker Oil Movements.
OPEC, responsible for about 40 percent of global supplies, will curb daily exports by 0.3 percent to 23.84 million in the four weeks to Aug. 11, compared with 23.91 million a month earlier, the researcher said today in an e-mailed report. The data exclude Angola and Ecuador………………………………………..Full Article: Source


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