| The Organization of Petroleum Exporting Countries will cut shipments by the most since December as refiners in the U.S. and Europe conduct seasonal maintenance, tanker-tracker Oil Movements said.
The group, which supplies about 40 percent of the world’s oil, will cut exports by 740,000 barrels a day, or 3 percent, to about 23.7 million barrels a day in the four weeks to Aug. 24 from the period to July 27, the researcher said today in an e-mailed report. The figures exclude two of OPEC’s 12 members, Angola and Ecuador...............................................Full Article: Source
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