OPEC to Raise Exports as IEA Deliveries End, Oil Movements Says
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The Organization of Petroleum Exporting Countries will increase crude shipments through to the middle of September as a program of emergency supply release by consumer-nations ends, according to Oil Movements.
Exports will rise 0.1 percent to 22.69 million barrels a day in the four weeks to Sept. 10, the Halifax, England-based tanker-tracker said today in a report. That compares with 22.66 million a day in the month to Aug. 13. Shipments typically decline at this time of year as refiners undertake seasonal maintenance. The data excludes Ecuador and Angola.