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Commodities Briefing - Categorized | Market Moves, Oil more

OPEC to rise exports on heating fuel demand, Oil Movements says

Posted on 13 December 2013

The Organization of Petroleum Exporting Countries will increase crude shipments through this month as peak refinery capacity is restored to meet rising heating demand, according to tanker tracker Oil Movements.
OPEC, supplier of about 40 percent of the world’s oil, will boost sailings by 380,000 barrels a day, or 1.6 percent, to 24.14 million barrels in the four weeks to Dec. 28, the researcher said today in a report. That compares with 23.76 million in the period to Nov. 30. The figures exclude two of OPEC’s 12 members, Angola and Ecuador………………………………………..Full Article: Source


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