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OPEC Plans to Increase Exports on Rising Demand in Asia
Apr. 25, 2013 05:01PM PST
Oil and Gas InvestingBloomberg reported that according to Oil Movements, the Organization of Petroleum Exporting Countries (OPEC) will increase shipments by 60,000 bpd until mid-May due to a rising demand in Asia.
Bloomberg reported that according to Oil Movements, the Organization of Petroleum Exporting Countries (OPEC) will increase shipments by 60,000 bpd until mid-May due to a rising demand in Asia.
As quoted in the market news:
The group that supplies about 40 percent of the world’s oil will boost exports by 0.3 percent to 23.61 million barrels a day in the four weeks to May 11, the researcher said today in an e- mailed report. The figures exclude Angola and Ecuador.