OPEC Exports +90,000 B/D in 4Wks to Aug 19 – Oil Movements

Schlumberger – Seaborne oil exports from the Organization of Petroleum Exporting Countries are expected to rise in the four weeks to Aug. 19, from the previous four weeks as demand continues to improve during the seasonally stronger third quarter, a leading tanker tracker said Thursday.

The U.K.-based consultancy Oil Movements said OPEC’s shipments will rise for the above period by 90,000 barrels a day to 25.160 million b/d from 25.070 million b/d four weeks earlier….

Mason, meanwhile, confirmed preliminary estimates by Geneva-based tanker tracker, Petrologistics, which indicated OPEC’s output will fall by 200,000 b/d in July because of lower production from Saudi Arabia and Venezuela.
Schlumberger