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OPEC exports to recover slowly before winter, Oil Movements says

Posted on 08 November 2013

The Organization of Petroleum Exporting Countries will increase crude exports through the end of this month as shipments from Saudi Arabia and Iraq recover before the northern hemisphere’s winter season, according to tanker tracker Oil Movements.
OPEC, which supplies about 40 percent of the world’s oil, will increase sailings by 350,000 barrels a day, or 1.5 percent, to 23.92 million barrels in the four weeks to Nov. 23, the researcher said today in a report. That compares with 23.57 million in the period to Oct. 26. The figures exclude two of OPEC’s 12 members, Angola and Ecuador………………………………………..Full Article: Source


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