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OPEC Plans to Cut Crude Shipments Next Month on Refinery Works
Apr. 04, 2013 05:56PM PST
Resource InvestingBloomberg reported that the Organization of Petroleum Exporting Countries will trim crude shipments by 0.5% a day which means a reduction of 120,000 bpd as global refinery maintenance peaks.
Bloomberg reported that the Organization of Petroleum Exporting Countries will trim crude shipments by 0.5% a day which means a reduction of 120,000 bpd as global refinery maintenance peaks.
As quoted in the market news:
Refiner crude demand is lower right now,” Roy Mason, the company’s founder, said by phone from Halifax, England. “It reaches a seasonal low in April.