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Commodities Briefing - Categorized | Oil, Trading more

OPEC to reduce exports as demand passes peak, Oil Movements says

Posted on 26 July 2013

Crude shipments from the Organization of Petroleum Exporting Countries will decline from near their highest in a year as summer demand passes its peak, tanker-tracker Oil Movements said.
The group, which supplies about 40 percent of the world’s oil, will cut exports by 410,000 barrels a day, or 1.7 percent, to 23.95 million barrels a day in the four weeks to Aug. 10, the researcher said. The figures exclude two of OPEC’s 12 members, Angola and Ecuador………………………………………..Full Article: Source


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