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Commodities Briefing - Categorized | Market Moves, Oil more

OPEC to trim exports on refinery maintenance, Oil Movements says

Posted on 16 August 2013

The Organization of Petroleum Exporting Countries will reduce shipments this month while refiners in the U.S. and Europe conduct seasonal maintenance, tanker-tracker Oil Movements said.
The group, which supplies about 40 percent of the world’s oil, will cut exports by 190,000 barrels a day, or 0.8 percent, to about 23.7 million barrels a day in the four weeks to Aug. 31 from the period to Aug. 3, the researcher said today in an e-mailed report. The figures exclude two of OPEC’s 12 members, Angola and Ecuador………………………………………..Full Article: Source


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