OPEC crude exports, excluding those from Angola and Ecuador, are expected to average 23.84 million b/d over the four weeks to August 11, down 70,000 b/d from the previous four-week period, UK-based tanker tracker Oil Movements said Thursday.
Compared with the same four-week period of 2011, the latest forecast from Oil Movements shows a rise in OPEC crude exports of 1.18 million b/d.
Shipments from the Middle East over the four weeks to August 11 are expected to average 17.51 million b/d, down 60,000 b/d from the previous four-week period.
Compared with the same four-week period a year earlier, Middle East shipments are expected to rise by 150,000 b/d.
