Skip to content
Subscriber Only

OPEC to Cut Exports on Declining Fuel Demand, Oil Movements Says

The Organization of Petroleum Exporting Countries will ship less crude this month because of declining demand for winter fuels and as refineries halt for maintenance, according to tanker-tracker Oil Movements.

Loadings will slip to 23.88 million barrels a day in the four weeks to March 12, down 1.3 percent from 24.19 million a day in the equivalent period to Feb. 12, the tanker-tracker said today in a report. The data exclude Angola and Ecuador.