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Commodities Briefing - Categorized | Market Moves, Oil more

OPEC raising exports to highest since July, Oil Movements says

Posted on 07 February 2014

The Organization of Petroleum Exporting Countries will increase shipments this month to the highest level since late July to meet final winter demand from Asian refiners, according to Oil Movements.
OPEC, supplier of about 40 percent of the world’s oil, will bolster sailings by 730,000 barrels a day, or 3.1 percent, to 24.2 million barrels a day in the four weeks to Feb. 22, the highest level since July 27, the researcher said today in a report. That compares with 23.47 million in the period to Jan. 25. The figures exclude two of OPEC’s 12 members, Angola and Ecuador………………………………………..Full Article: Source


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