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OPEC crude shipments to drop on Asian demand, Oil Movements says

Posted on 07 June 2013

The Organization of Petroleum Exporting Countries will curb crude shipments through most of this month as demand from Asian refiners drops during seasonal maintenance, tanker tracker Oil Movements said.
The group that supplies about 40 percent of the world’s oil will ship 23.7 million barrels a day in the four weeks to June 22, down 1 percent from 23.93 million in the previous period to May 25. the researcher said in an e-mailed report. The figures exclude two of OPEC’s 12 members, Angola and Ecuador. The organization kept its production target at 30 million barrels a day at a meeting in Vienna last week……………………………………Full Article: Source


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