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U.S. crude oil export demand surges, attacking Saudi facilities

2019-09-16T23:19:38.011Z


[New York / Houston 16 Reuters]-Crude oil export demand from the US Gulf Coast rose sharply on the 16th. According to officials, attacks on Saudi oil facilities have been a tailwind. Crude oil price


[New York / Houston 16 Reuters]-Crude oil export demand from the US Gulf Coast rose sharply on the 16th. According to officials, attacks on Saudi oil facilities have been a tailwind.

Crude oil price recorded the first significant increase in about 30 years. North Sea Brent Crude Oil Futures <LCOc1> growth exceeded US crude oil index WTI (West Texas Intermediate) Crude Oil Futures <CLc1> growth, price difference <WTCLc1-LCOc1> to $ 7.40 The expansion increased the preference for WTI among Asian and European contractors.

US oil exports currently exceed 3 million barrels per day. Some experts say that the Saudi attack will expand to over 4 million barrels.

Under these circumstances, according to officials, the fare for a 200,000-300,000-ton class super large tanker (VLCC) heading from the US Gulf Coast to Singapore is about $ 7 million that day, up from $ 5.5 million to $ 6 million last weekend. In addition, the fare for the 80,000 to 120,000-ton class tanker (Aframax) heading for Europe from the US Gulf Coast also rose from $ 20.26 per tonne to $ 22.10.

Source: asahi

All news articles on 2019-09-16

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