Opec exports to fall 2% ‘in 4 weeks to March 25’

Opec’s shipments of crude oil are set to fall 2% in the four weeks to March 25 compared with the previous four weeks, led by a decline in westbound exports from the Middle East, the consulting company Oil Movements said.

The Organisation of Petroleum Exporting Countries (Opec) is scheduled to load 24.8mn bpd onto tankers in the period, down from 25.3mn bpd in the four weeks ended February 25, the Halifax, England-based company said yetserday in a report.

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