OPEC to increase supply to meet peak winter demand
- Middle East: Sunday, January 13 - 2013 at 02:57
According to tanker tracker Oil Movements, crude shipments by Opec members are set to be increased in January to meet the final phase of peak winter demand in the northern hemisphere, Bloomberg has reported. "Winter demand is still strong in the east, near the tail end but not quite there," Roy Mason, the research company's founder, said. "We've got another two or three weeks to go before we're at the peak." The group will export 24.15 million barrels a day in the four weeks to January 26, up 210,000 barrels, or 0.9%, from the previous period, he said. The figures exclude Angola and Ecuador.
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