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U.S. petroleum exports exceed imports in September

December 10/2019

MOSCOW (MRC) -- In September 2019, the United States exported 89,000 barrels per day (b/d) more petroleum (crude oil and petroleum products) than it imported, the first month this has happened since monthly records began in 1973, said Hydrocarbonprocessing.

A decade ago, the United States was importing 10 million b/d more petroleum than it was exporting. Long-running changes in U.S. trade patterns for both crude oil and petroleum products have resulted in a steady decrease in overall U.S. net petroleum imports.

Net petroleum trade is calculated as total imports of crude oil and petroleum products less total exports of crude oil and petroleum products. Although the United States currently imports more crude oil than it exports, it exports more petroleum products than it imports, resulting in net total petroleum exports.

As MRC informed earlier, the contract prices of polyethylene terephthalate (PET) in the US in November fell by 3 cents per pound (USD66 per ton) amid weakening demand and cooling. At the same time, some participants have already concluded 3-month contracts with a decrease of 3 cents per pound. Spot prices also declined. US polyethylene terephthalate PET. Spot and contract resin prices followed a downtrend amid economic uncertainty caused by the protracted trade war between the US and China.
Author:Anna Larionova
Tags:petroleum products, crude oil, PET-granulate, PET bottles, PET films, PET preforms.
Category:General News
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