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Commodities Briefing - Categorized | Market Moves, Oil more

OPEC to cut exports to lowest in two months, Oil Movements says

Posted on 21 March 2014

The Organization of Petroleum Exporting Countries will cut crude exports to the lowest level in two months as refiners around the world conduct seasonal maintenance, according to tanker-tracker Oil Movements.
OPEC, responsible for 40 percent of global oil supplies, will reduce shipments by 620,000 barrels a day, or 2.5 percent, to 23.74 million a day in the four weeks to April 5, the researcher said in an e-mailed note………………………………………..Full Article: Source


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