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Commodities Briefing - Categorized | Market Moves, Oil more

OPEC curbs shipments amid U.S. output surge, Oil Movements says

Posted on 14 June 2013

The Organization of Petroleum Exporting Countries will reduce crude shipments this month as rising U.S. production dulls a seasonal increase in the nation’s imports, tanker tracker Oil Movements said.
The group that supplies about 40 percent of the world’s oil will ship 23.88 million barrels a day in the four weeks to June 29, down 0.3 percent from 23.95 million in the previous period to June 1, the researcher said……………………………………….Full Article: Source


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