by Grant Smith
The Organization of petroleum exporting countries will increase shipments by the most this year that demand for the summer to drive fuel in the northern hemisphere approaches its peak, according to the movement of oil.
The group, which provides about 40% of the world's oil, will ship 24.32 million barrels per day in the four weeks that July 27, upwards by 630,000 barrels, or 2.7%, from 23,69 million in the period to June 29, the oil tracker said today in a report sent by e-mail. It is the largest gain in 2013 and brings exports to near their highest level of the year, according to the consultant. The figures exclude two of the 12 members of OPEC, Angola and Ecuador.
«Wholesale c'est ça, the interval between mid-July and early August, is when the peak occurs,» Roy Mason, founder of the company, said by telephone from Halifax, England. "There are certainly a revival in refining after extended service and weak demand in the second quarter. Much is going to the East, but there are enormously goes West. »
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