OPEC Boosts Exports for First Time This Year, Oil Movements Says
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The Organization of Petroleum Exporting Countries will boost crude shipments through to the middle of February on winter demand in the U.S. and Europe, according to tanker-tracker Oil Movements.
Loadings will advance 1.4 percent to 23.67 million barrels a day in the four weeks to Feb. 12 from 23.34 million barrels in the period to Jan. 15, Oil Movements said today in a report. It’s the first increase by the organization since the month to Dec. 25, the consultant’s data shows. The statistics exclude exports from Ecuador and Angola.