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Commodities Briefing - Categorized | Market Moves, Oil more

OPEC to bolster shipments on winter demand, Oil Movements says

Posted on 25 November 2013

The Organization of Petroleum Exporting Countries will raise crude shipments through to early December as demand for heating fuel increases with the onset of winter in the northern hemisphere, according to tanker tracker Oil Movements.
OPEC, which supplies about 40 percent of the world’s oil, will bolster sailings by 400,000 barrels a day, or 1.7 percent, to 23.93 million barrels in the four weeks to Dec. 7, the researcher said today in a report. That compares with 23.53 million in the period to Nov. 9. The figures exclude two of OPEC’s 12 members, Angola and Ecuador………………………………………..Full Article: Source


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