OPEC to Trim Crude Exports on Refinery Works, Oil Movements Says
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The Organization of Petroleum Exporting Countries will cut crude shipments next month as global refinery maintenance peaks, according to tanker tracker Oil Movements.
The group that supplies about 40 percent of the world’s oil will reduce crude exports by about 120,000 barrels a day, or 0.5 percent, to 23.7 million a day in the four weeks to April 20, the researcher said today in an e-mailed report. The figures exclude Angola and Ecuador.