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OPEC shipments to increase 1.7pct this month, Oil Movements says

Posted on 06 September 2013

The Organization of Petroleum Exporting Countries will increase shipments of crude by 1.7 percent this month, tanker tracker Oil Movements said. OPEC, which supplies about 40 percent of the world’s oil, will boost exports by 340,000 barrels a day to about 23.84 million barrels a day in the four weeks to Sept. 21 from the period to Aug. 24, the researcher said in a report.
The figures exclude two of OPEC’s 12 members, Angola and Ecuador. Brent crude traded today at about $114.70 a barrel on the ICE Futures Europe exchange in London. It gained 5.9 percent last month amid unrest in Egypt, Libya and Syria………………………………………..Full Article: Source


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