m3n4.net March 20, 2018

US crude exports to Asia are slumping as WTI…

09 March 2018, 03:24 | Vera Richards

US Crude Exports to Asia Slump as WTI Outperforms


USA output is expected to surge beyond 11-million bpd by late 2018, which would surpass the current leading producer Russian Federation.

Last week, the American Petroleum Institute (API) reported a build of 933,000 barrels of crude oil.

The U.S. Energy Information Administration report on oil inventories is due to be released on Wednesday at 10:30a.m. EST.

Brent crude futures rose 24 cents to $US65.78 a barrel, a 0.4 per cent gain, in afternoon trade, while the US West Texas Intermediate (WTI) crude futures edged up three cents, or 0.1 per cent, to $US62.60 a barrel.

Antonio Conte Tells Pundits To "Use Their Heads" Before Speaking
Pre-match Conte was of the opinion that Guardiola's men could reach 100 points for the season, they now need another 22. Only Sergio Aguero (15) has scored more goals for Manchester City in 2018 in all competitions than Bernardo Silva (5).

Dated Forties and Oseberg crude BFO- , a physical price for two Brent grades, ended last week at $64.77 a barrel, just $1.74 above the physical WTI Houston price of $63.03, as assessed by price reporting agency Argus.

A voice for Wall Street in the White House, Cohn's move to resign came after he lost a fight over Trump's plans for hefty steel and aluminium import tariffs.

Distillate stockpiles, which include diesel and heating oil, fell by 559,000 barrels, the EIA data showed, versus expectations for a 1.2 million barrels drop.

Economic growth in Asia will propel demand for oil to 104.7 mb/d by 2023, an increase of 6.9 mb/d.

South African triathlete Mhlengi Gwala severely injured in saw attack
Dennis Jackson , director of Elite Athlete Development program, told TimesLive that a motive for the attack remained a mystery. The attack reportedly happened in the early hours of Wednesday in Durban while Gwala was on a training ride.

The retreat by oil producers during an oil-price plunge between 2014 and 2016, however, continues to raise the specter that not enough money has been spent on exploration, which can result in shortages and price spikes.

This U.S. increase is putting pressure on the Organization of the Petroleum Exporting Countries, Russia and other nations that have curbed output to prop up prices but risk losing market share.

Oil prices settled higher Monday (http://www.marketwatch.com/story/oil-prices-climb-amid-supply-issues-in-libya-2018-03-05), getting a lift from reports of a sizable weekly decline in crude stocks at the USA oil storage hub in Cushing, Okla. Traders also mulled a report from International Energy Agency, which forecast further growth in US crude production, but also emphasized the need for more investment in the market to avoid a supply shortage after 2020. Both benchmarks were trading down from last Tuesday afternoon. Traders are responding to White House comments saying Canada and Mexico, and possibly other countries, may be exempted from planned US import tariffs on steel and aluminum. Output is seen at 100.62 million barrels a day, up from 100.43 million previously, with demand at 100.2 million, compared with 100.23 million.

Eagles Trade For Seahawks Michael Bennett
The news came down amid reports that Seahawks cornerback Richard Sherman could also be facing the end of his Seattle days. Curry, the Eagles' second-round draft pick in 2012, had only three sacks this season and 22 for his career.

Other News

Trending Now

Nintendo Direct Airs Tomorrow; Showcases New Nintendo Releases
We'll likely get a bunch of indies, a first party game or two ( Mario Aces Tennis), and some other third-party games to boot. Here's hoping that these announcements are particularly awesome as a way of celebrating the Switch's one year anniversary.

Ukraine welcomes Stockholm court ruling on gas transit dispute with Russian Federation
According to Reuters , Naftogaz will go to court again to claim compensation for Gazprom's latest failure to deliver gas. Since November 2015, Kiev has not bought Russian gas, replacing it with reverse gas from Europe.

"The Shape of Water" wins big at 90th Academy Awards
A former Saultite capped off his weekend by taking home an Oscar statuette from last night's Academy Awards ceremony. Made for only 19 million USA dollars, the movie has grossed 126 million dollars worldwide to date.

'Icarus' Doping Movie Wins Best Documentary at Oscars
The Oscar for best documentary feature at Sunday night's Academy Awards ceremony went to " Icarus ", a film that uncovered widespread doping at the Olympic level by the Russian government.

Europeans, IMF tell Trump to step back from trade war
She said decisions would be made on a "case-by-case and country-by-country basis". The Canadian dollar was down 0.21 percent to 1.29 per US dollar.

Top Chinese official urges outreach to diaspora
During the gathering, which wraps up around mid-March, the proposal is widely expected to become China's new reality. And other images, words, and expressions that might be used to criticize Xi are also censored .

United legend backs Liverpool for Champions League glory
We'll take it step-by-step and tonight it is cool". "The result at Anfield should be a big motivation for us on the domestic front", Casillas said.

A '9 To 5' Reboot Is On The Way
In the age of #MeToo and Time's Up, Dolly Parton believes it's the ideal time to remake her hit film, " 9 to 5 ". But Parton says they'd better not take too long.

Florida school shooting: U.S. investment giant pressures gun firms
Floridians this fall will choose a new governor, as term-limited Republican Rick Scott is expected to turn to the U.S. Our country faces a disproportionate amount of gun violence and gun-related fatalities compared to other nations.

NFL Combine: How did the state's players perform on Monday?
On Sunday, Arizona's Dane Cruikshank and Wisconsin's Natrell Jamerson tied for the best showing among the defensive backs. He put up only 14 reps of 225 pounds on the bench press, which is about half of the average at his position.