OPEC exports rise 40,000 barrels per day in month to Nov 14

Oil shipments from the Organization of Petroleum Exporting Countries, excluding Angola and Ecuador, are expected to rise 40,000 barrels per day in the four weeks ending Nov. 14, compared with the previous four- week period, UK based tanker tracker Oil Movements said Thursday.

Exports from the 10 OPEC countries tracked by Oil Movements are forecast to rise to 22.68 million barrels a day from 22.64 million barrels a day in the four-week period ended Oct. 17.

“It’s looking weak,” said Oil Movements head Roy Mason. “We are at a point where winter crude should be getting on the way.”

But he said it would be clear how weak demand is only at the end of November.