The Organization of Petroleum Exporting Countries will cut crude exports through mid-November as rising U.S. output allows the nation to curb purchases from the Middle East and Africa , according to Oil Movements. OPEC, which supplies about 40 percent of the world’s oil, will reduce sailings by 80,000 barrels a day, or 0.3 percent, to 23.78 million barrels in the four weeks to Nov. 16, the tanker tracker said today in a report. That compares with 23.86 million in the period to Oct. 19. The figures exclude two of OPEC’s 12 members, Angola and Ecuador. “There’s a lot of non-OPEC supply coming to the market” from the U.S. and North Sea, Roy Mason , the company’s founder, said by phone from Halifax, England . OPEC shipments are “weak because of American production,” he said. OPEC exports are set to increase in the second half of next month as heating […]