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OPEC exports to drop as Saudi Arabia trims, Oil Movements says

Posted on 25 October 2013

The Organization of Petroleum Exporting Countries will reduce crude shipments through early next month as Saudi Arabia reduces exports, according to data from Oil Movements. OPEC, which supplies about 40 percent of the world’s oil, will reduce sailings by 110,000 barrels a day, or 0.5 percent, to 23.8 million barrels in the four weeks to Nov. 9, the tanker tracker said today in a report.
That compares with 23.91 million in the period to Oct. 12. The figures exclude two of OPEC’s 12 members, Angola and Ecuador………………………………………..Full Article: Source


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