OPEC seen to cut exports on lower demand
- Middle East: Saturday, January 05 - 2013 at 05:12
According to tanker tracker Oil Movements, Opec is to cut crude shipments this month by 1%, as demand tapers off after peaking for the northern hemisphere winter, Bloomberg has reported. The group will export 24.02 million barrels a day in the four weeks to January 19, down 250,000 barrels from the previous period, the firm said. "The mid-winter trough is the end of the season for long- haul crude coming into the Atlantic basin," Roy Mason, the company's founder Mason said. The reduction may also signal that Saudi Arabia is trimming production to balance global supply and demand, he said.
- BlackBerry gears up to open first Middle East...
- BlackBerry fans in UAE to be the first...
- Iran plans national fleet expansion
- Gamification hits the Middle East
- Forum International introduces www....
- Twofour54 Briefing Room connects companies with...
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by Mediaquest FZ LLC and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
Mediaquest FZ LLC can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of Mediaquest FZ LLC.
In no event shall Mediaquest FZ LLC be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.