U.S. OIL PRODUCTION 10.7 MBD
U.S. API - The American Petroleum Institute's latest monthly statistical report shows the U.S. set a record for the production of natural gas liquids (NGL) last month producing 4.4 million barrels per day (mb/d). July also saw the U.S. tie its record for crude oil production at 10.7 mb/d.
"With total U.S. liquid fuels production, up by more than 2.0 MBD year-over-year, the United States has been the world's only substantive source of oil production growth so far in 2018 and more than compensated for production losses in some OPEC nations," said API Chief Economist Dean Foreman. "As a result, domestic oil prices have remained lower than international ones which is good news for consumers. Historically, the more supply that has been brought to the market the better the chances have been for putting downward pressure on prices at the pump."
Meanwhile, U.S. petroleum demand in July sustained its highest level in 11 years, 20.6 mb/d, which reflected solid economic activity. However, nearly all demand growth between June and July stemmed from residual fuel oil and, to a much lesser extent, kerosene jet fuel. For residual fuel oil, the change ran contrary to typical seasonal demand and suggested an acceleration in marine shipping activity with escalating U.S. trade disputes.
- Strongest U.S. petroleum demand year-to-date since 2007.
- U.S. crude oil prices rose on strong domestic demand.
- U.S. petroleum net imports rose 450 thousand barrels per day in July.
- Highest refinery throughput for the month of July (17.7 mb/d).
- U.S. petroleum inventories increased to above the median of the 5-year range.
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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 October 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.