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Commodities Briefing - Categorized | Market Moves, Oil more

OPEC to boost shipments as demand peak nears, Oil Movements says

Posted on 28 June 2013

The Organization of Petroleum Exporting Countries will raise shipments by 1.9 percent through the middle of July as summer demand for driving fuels in the northern hemisphere nears its highest point, Oil Movements said.
The group that supplies about 40 percent of the world’s oil will ship 24.03 million barrels a day in the four weeks to July 13, up 450,000 a day from 23.58 million in the previous period to June 15, the tanker tracker said in an e-mailed report. The figures exclude two of OPEC’s 12 members, Angola and Ecuador………………………………………..Full Article: Source


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