U.S. crude exports in July edge down from record high -data

Published 2018-09-05, 11:47 a/m
© Reuters.  U.S. crude exports in July edge down from record high -data
CL
-

NEW YORK, Sept 5 (Reuters) - U.S. crude oil exports eased slightly to 2.1 million barrels per day (bpd) in July from a record 2.2 million bpd in June, foreign trade data from the U.S. Census Bureau showed on Wednesday.

The United States lifted a 40-year ban on crude oil exports in late 2015 and since then tankers filled with U.S. oil have landed in more than 30 countries.

In July, 18 countries purchased U.S. crude, the data showed.

The United States exported crude to Peru and Dominican Republic for the first time in over a year in July, the data showed.

Shipments to Peru were about 26,000 bpd while Dominican Republic purchased about 16,000 bpd of U.S. crude. Both countries received crude from the U.S. for the first time since May last year.

Meanwhile, China, the biggest buyer in June, dropped to second place in July, behind Canada.

Crude exports to Canada were 420,000 bpd while shipments to China fell to about 384,000 bpd in July from a record 510,000 bpd in June.

Still, other top buyers were from Asia, including Taiwan, which imported a record at about 143,000 bpd, and Japan which bought a record 89,000 bpd.

India and Thailand purchased 102,000 bpd and 78,000 bpd respectively.

Top European buyers were Britain, which bought 142,000 bpd and the Netherlands, which imported 75,000 bpd.

Exports to United Arab Emirates were 84,000 bpd and exports to France were 51,000, while Spain purchased 49,000 bpd of U.S. crude.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.