OPEC to Keep Exports Stable Amid Supply Glut, Oil Movements Says
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The Organization of Petroleum Exporting Countries will keep crude shipments little changed into early next month as abundant inventories cap demand, tanker tracker Oil Movements said.
The group that supplies about 40 percent of the world’s oil will ship 23.8 million barrels a day in the four weeks to June 8, compared with 23.9 million in the previous period to May 11, the researcher said in an e-mailed report. The figures exclude two of OPEC’s 12 members, Angola and Ecuador.