OPEC to Raise Exports Most in Two Months, Oil Movements Says
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The Organization of Petroleum Exporting Countries will increase crude shipments by the most in almost two months as consuming-nation governments end emergency stockpile releases, according to Oil Movements.
Exports will rise 1.3 percent to 22.65 million barrels a day in the four weeks to Sept. 24, the Halifax, England-based tanker-tracker said today in a report. That compares with 22.37 million a day in the month to Aug. 27. Shipments typically decline at this time of year as refiners undertake seasonal maintenance. The figures exclude Ecuador and Angola.