Thursday, 2 August 2012

OPEC exports to fall in 4 weeks to Aug 18 -analyst - Yahoo! News Maktoob

Seaborne oil exports from OPEC, excluding Angola and Ecuador, will fall by 120,000 barrels per day (bpd) in the four weeks to Aug. 18, an analyst who estimates future shipments said on Thursday.
Exports will reach 23.90 million bpd on average, compared with 24.02 million bpd in the four weeks to July 21, UK consultancy Oil Movements said in its latest weekly estimate.
The Organization of the Petroleum Exporting Countries pumps more than a third of the world's oil.
OPEC left oil output limits on hold in June, powerless to do anything other than leave Saudi Arabia to decide whether to scale back supplies to stem a slide in prices below $100 a barrel.

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