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2017-08-14 14:15:00

U.S. DEFICIT $43.6 BLN

U.S. DEFICIT $43.6 BLN

BEA - The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $43.6 billion in June, down $2.7 billion from $46.4 billion in May, revised. June exports were $194.4 billion, $2.4 billion more than May exports. June imports were $238.0 billion, $0.4 billion less than May imports.

The June decrease in the goods and services deficit reflected a decrease in the goods deficit of $2.1 billion to $65.2 billion and an increase in the services surplus of $0.6 billion to $21.6 billion.

Year-to-date, the goods and services deficit increased $26.7 billion, or 10.7 percent, from the same period in 2016. Exports increased $64.9 billion or 6.0 percent. Imports increased $91.7 billion or 6.9 percent.

The average goods and services deficit decreased $0.5 billion to $45.9 billion for the three months ending in June. 

* Average exports of goods and services increased $1.0 billion to $192.5 billion in June. 

* Average imports of goods and services increased $0.4 billion to $238.4 billion in June.

Year-over-year, the average goods and services deficit increased $4.6 billion from the three months ending in June 2016. 

* Average exports of goods and services increased $9.9 billion from June 2016. 

* Average imports of goods and services increased $14.5 billion from June 2016.

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Earlier: 

U.S. GDP UP 2.6% 

U.S. FEDERAL FUNDS RATE 1.25% 

U.S. OIL PRODUCTION: 9.3 MBD 

U.S. & RUSSIA: LIMITED IMPACT 

U.S. FRB: INDUSTRIAL PRODUCTION UP 0.4% 

U.S. OIL DEBT 

U.S. DEFICIT $46.5 BLN

 

 

 

 

 

Tags: USA, ECONOMY, FINANCE

Chronicle:

U.S. DEFICIT $43.6 BLN
2018, January, 19, 12:15:00

S.KOREA'S DIVERSIFICATION

PLATTS - For full-year 2017, South Korea's crude imports from its biggest supplier Saudi Arabia fell 1.7% to 319.02 million barrels, compared with 324.45 million barrels in the previous year, customs data showed. On the contrary, South Korea has imported 1.77 million mt, or around 13 million barrels, of crude from the US in 2017, about four times higher than in 2016. Shipments from Russia grew to 140,000 b/d last year from 112,000 b/d in 2016.

U.S. DEFICIT $43.6 BLN
2018, January, 19, 12:10:00

ADNOC'S 2030 STRATEGY

AOG - ADNOC’s 2030 strategy, he said, aims to capitalise on predicted global economic growth and demand for oil and petrochemical products, particularly in non-OECD countries. As its business responds to changing market dynamics, the company will continue to broaden its partnership base, strengthen its profitability, adapt to new realities and expand market access.

U.S. DEFICIT $43.6 BLN
2018, January, 19, 12:05:00

TOSHIBA SELLS WESTINGHOUSE

WNN - Under the terms of the assignment and purchase agreement it has signed with Nucleus and Brookfield, Toshiba will sell its rights to assert claims against Westinghouse related to the parent guarantees in the amount of $5.788 billion, and on account of other claims Toshiba holds against Westinghouse in the amount of $2.284 billion to Nucleus, for the sale price of $2.160 billion.

U.S. DEFICIT $43.6 BLN
2018, January, 17, 23:50:00

OIL PRICES: NOT ABOVE $70 YET

REUTERS - Brent crude futures LCOc1 were at $69.23 a barrel at 0808 GMT, up 8 cents from their last close, but down from a high of $69.37 earlier in the day. Brent on Monday rose to $70.37 a barrel, its highest since December 2014, the start of a three-year oil price slump. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $63.84 a barrel, down from a high of $63.89 earlier, but up 11 cents from their last settlement. WTI hit $64.89 on Tuesday, also the highest since December 2014.

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