OPEC to Cut Loadings as Asian Demand Slows, Oil Movements Says
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The Organization of Petroleum Exporting Countries will reduce crude loadings this month, partly as demand from Asia slows, according to tanker-tracker Oil Movements.
Shipments will drop 0.9 percent to 23.51 million barrels a day in the four weeks to Jan. 29 from 23.72 million barrels in the period to Jan. 1, Oil Movements said today in a report. The data exclude Ecuador and Angola.