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Commodities Briefing - Categorized | Market Moves, Oil more

OPEC exports seen stable amid ‘glum’ demand, Oil Movements says

Posted on 03 May 2013

The Organization of Petroleum Exporting Countries will keep shipments little changed this month as “glum” demand in the U.S. and Europe counters rising consumption in Asia, tanker tracker Oil Movements said.
The group that supplies about 40 percent of the world’s oil will ship 23.67 million barrels a day in the four weeks to May 18, stable from 23.68 million in the previous period, the researcher said today in an e-mailed report. The figures exclude Angola and Ecuador. U.S. crude imports by tanker have fallen about 13 percent this year, the consultant said………………………………………..Full Article: Source


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