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OPEC Shipments Seen Stable as Demand Fades, Oil Movements Says

The Organization of Petroleum Exporting Countries will keep crude shipments stable through to early January as the first of two surges in winter fuel demand passes, according to tanker tracker Oil Movements.

OPEC, supplier of about 40 percent of the world’s oil, will boost sailings by 50,000 barrels a day, or 0.2 percent, to 23.98 million barrels in the four weeks to Jan. 4, the researcher said today in a report. That compares with 23.93 million in the period to Dec. 7. The figures exclude two of OPEC’s 12 members, Angola and Ecuador.