RUSSIA - CHINA OIL MAXIMUM
REUTERS - Russia was China’s largest crude oil supplier in March, data showed on Tuesday, retaining the lead spot for a 13th consecutive month.
Last month, Russia supplied 5.79 million tonnes, equal to 1.36 million barrels per day (bpd), up 23.6 percent from the same month a year earlier, data from the General Administration of Customs showed. Russia has been the biggest oil exporter to China since March last year.
For the first quarter, Russian shipments rose 22 percent from a year earlier to 16.51 million tonnes, or 1.34 million bpd.
Saudi Arabia, China's second-biggest supplier in March, also ramped up its exports, the data showed. Shipments last month were 4.6 million tonnes, or 1.09 million bpd, up 1.2 percent from a year ago, but down from 1.2 million bpd in February.
The kingdom is expected to catch up in volume later this year as private Chinese chemical producer Hengli Group will start trial runs in October at a greenfield refinery in northeast China. The plant can process up to 400,000 bpd and is geared to use Saudi oil.
China's total crude oil imports in March rose to the second-highest on record at 9.2 million bpd, boosted by ample government quotas and healthy refining margins. At the same time, the country exported a record amount of refined fuel to ease a domestic surplus.
March crude oil arrivals from Angola, China's third-biggest supplier, fell 12.5 percent from a year ago to 4.08 million tonnes, or 961,810 bpd. Supplies for the first quarter fell 2.9 percent to about 1 million bpd, the data showed.
Overall, China imported 112.1 million tonnes of crude during the first quarter, or about 9.1 million bpd.
The hefty first-quarter purchases caused a backlog of cargoes off the coast of east China in late March. Imports next month may slow as Chinese refineries enter the peak maintenance season starting from April.
The United States last month shipped 973,758 tonnes of crude oil, with first quarter volumes amounting to 3.9 million tonnes, or 315,475 bpd.
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МИНФИН РОССИИ - Средняя цена на нефть Urals за период мониторинга с 15 августа по 14 сентября 2018 года составила $74,45568 за баррель, или $543,5 за тонну. Согласно расчетам Минфина России экспортная пошлина на нефть в РФ с 1 октября 2018 года повысится на $7,5 и составит $137,5 за тонну.
PLATTS - Saudi production has since risen to 10.42 million b/d in August, the country reported to OPEC in the organization's most recent monthly oil market report. Saudi Arabia's crude oil stocks, which have been declining steadily over the last three years, fell to 229.41 million barrels in July, down 11.4% since May 2017, the JODI data showed.
U.S. EIA - Crude oil production from the major US onshore regions is forecast to increase 79,000 b/d month-over-month in September from 7,515 to 7,594 thousand barrels/day , gas production to increase 961 million cubic feet/day from 72,127 to 73,088 million cubic feet/day .
REUTERS - Beijing on Tuesday said it would tax U.S. products worth $60 billion effective Sept. 24 in retaliation for tariffs imposed by U.S. President Donald Trump in an escalating trade war.