Tuesday, August 10, 2010

Asia Overnight

China's Crude Imports Fall From Record as Slower Economy Curbs Fuel Demand

Net crude purchases fell to 18.8 million metric tons, or 4.5 million barrels a day, from an all-time high of 22.1 million tons the previous month, according to preliminary data released today by the Beijing-based General Administration of Customs. This compares with 19.2 million tons in July last year.

 and

Saudi Arabian Oil to Supply Full Volumes to Asia for Loading in September

 speaks for itself but ..."OPEC’s compliance with its quotas fell to 52.9 percent in July from 53.6 percent the month before, based on data from the Bloomberg survey. All the members of the group bound by the targets exceeded their targets, producing 26.8 million barrels a day last month."...
 right in line with my Dec 21 2009 post...
Crudewire.com Named Most Accurate Forecaster for 2010  

Oh Yeah and this too;

Shanghai Composite Down 77.26 (2.89%)

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