Venezuela Data: EIA And Reuters Numbers Differ -- July 10, 2018 - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title Venezuela Data: EIA And Reuters Numbers Differ -- July 10, 2018, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : Venezuela Data: EIA And Reuters Numbers Differ -- July 10, 2018
link : Venezuela Data: EIA And Reuters Numbers Differ -- July 10, 2018

Venezuela Data: EIA And Reuters Numbers Differ -- July 10, 2018

Reuters says Venezuela crude oil imports to the US "bounced back in June, 2018." That surprised me.

From Reuters:

[Venezuela] exported 563,962 barrels per day of crude to the United States last month (June, 2018), 5 percent above May figures and the largest volume since August. Exports of DCO slightly surpassed 250,000 bpd, the highest level since May 2017, according to Thomson Reuters trade flows data.

Back-of-the-envelope:

• June, 2018: 563,962 x 30 days = 16.919 million bbls
• May, 2018: 16.113 million bbls

Let's look at EIA data. Most recent EIA data available only through April, 2018, monthly US imports from Venezuela:

So, Reuters says:

• June imports of 16.919 million bbls is the largest volume since August, 2017. It appears, according to the EIA, US imports from Venezuela exceeded that amount "significantly" in both March and April

We'll have to wait to see the official EIA data which should be available soon.

Now, imagine if the numbers vary that much between various sources for every nation that imports and/or exports oil .... 

Disclaimer: I often make simple arithmetic errors and often misread articles.

https://ift.tt/2dZyQXu

Thus Article Venezuela Data: EIA And Reuters Numbers Differ -- July 10, 2018

That's an article Venezuela Data: EIA And Reuters Numbers Differ -- July 10, 2018 This time, hopefully can give benefits to all of you. well, see you in posting other articles.

You are now reading the article Venezuela Data: EIA And Reuters Numbers Differ -- July 10, 2018 with the link address https://mylivemyidea.blogspot.com/2018/07/venezuela-data-eia-and-reuters-numbers.html

Tweet

Subscribe to receive free email updates: