OPEC to Make First Export Boost in 3 Months, Oil Movements Says
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The Organization of Petroleum Exporting Countries will increase exports for the first time since February as refiners prepare to meet peak summer demand for driving fuels, according to tanker-tracker Oil Movements.
OPEC, responsible for 40 percent of global supplies, will ship 22.71 million barrels a day in the four weeks to May 21, up 0.4 percent from 22.61 million barrels a day in the period to April 23, the consultant said today in a report. The data exclude Ecuador and Angola.