Record US Oil Exports… WSJ – Commodity Research Group

June 7, 2018 by Jim Colburn Leave a Comment

Josh Mitchell and Christopher M. Matthews, The Wall Street Journal, comment on Commerce Department trade data released on Wednesday, here…

“The U.S. exported a record amount of oil and fuel in April, helping to narrow the nation’s trade gap while giving the economy a lift.
The country shipped $19.9 billion in petroleum—a category that includes crude oil, liquefied gases and fuels such as gasoline—to other countries in April, the Commerce Department said Wednesday. That set a record after adjusting for inflation and seasonal factors. The U.S. is exporting four times as much petroleum each month as it did a decade ago.”

Commodity Research Group (CRG), founded by veteran analyst Edward Meir, is an independent research consultancy specializing in base and precious metals, as well energy products. The Group provides research and general price analysis for these markets, along with advice to companies seeking to construct commodity hedging strategies.

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