“OPEC’s Gulf exporters shipped more oil last month than at any time since May, when their current round of output restraint came into effect. The move came before a slight easing of output curbs in January and talks to decide whether to change production targets in February.”
–Bloomberg’s Julian Lee added that, “combined shipments of crude and condensate — a light form of oil extracted from gas fields — from Saudi Arabia, Iraq, the United Arab Emirates and Kuwait were more than 700,000 barrels a day higher in December than in November.” [Bloomberg]
