OPEC Exports Little Changed Amid IEA Release, Oil Movements Says
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OPEC crude shipments will be little changed this month, indicating that the use of emergency reserves by consuming nations may be curtailing demand for the producer group’s oil, according to tanker-tracker Oil Movements.
The Organization of Petroleum Exporting Countries will ship 22.66 million barrels a day in the four weeks to July 23, compared with 22.68 during the period to June 25, the Halifax, England-based consultant said today in a report. The data excludes Ecuador and Angola. Exports typically climb during the summer with increased demand for driving fuels.