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Commodities Briefing - Categorized | Market Moves, Oil more

OPEC to boost shipments on western demand, Oil Movements says

Posted on 08 March 2013

The Organization of Petroleum Exporting Countries will raise shipments this month in anticipation of a rebound in demand as refiners in the U.S. and Europe finish maintenance, according to Oil Movements.
The group that supplies about 40 percent of the world’s oil will bolster crude shipments by 420,000 barrels a day, or 1.8 percent, to 23.83 million barrels a day in the four weeks to March 23, the researcher said today in an e-mailed report. The figures exclude Angola and Ecuador. Most of the increase is coming from OPEC’s largest member, Saudi Arabia………………………………………..Full Article: Source

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