OPEC to Increase November Oil Shipments by 640,000 Barrels Per Day

opec logoOil shipments from the Organization of the Petroleum Exporting Countries are to increase by 640,000 barrels a day in the four weeks to Nov. 24, compared with the previous four-week period, U.K.-based tanker tracker, Oil Movements said Thursday.

The figure, which excludes exports from Angola and Ecuador, reflects a seasonal uptick in oil demand ahead of winter, notably in the West, said Roy Mason, head of Oil Movements.

– Benoit Faucon, (c) 2012 Dow Jones & Company