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home / news releases / USO - OPEC+ September Seaborne Exports Edge Up Even As Overproduction Is Checked Non-Alliance Shipments Fall To Year Low

USO - OPEC+ September Seaborne Exports Edge Up Even As Overproduction Is Checked Non-Alliance Shipments Fall To Year Low

United States Oil Fund
  • OPEC members shipped out 18.2 million b/d, up from the 17.53 million b/d exported in August, data from IHS Markit Commodities at Sea showed.
  • Fresh outbreaks and unrelenting spread of the virus in countries such as India have dented hopes of a sustained demand recovery leading to a pullback in crude oil prices.
  • Saudi Arabia's crude oil exports have recovered from their lowest level observed in June as the Kingdom ended voluntary cuts that have been in place since May.

For further details see:

OPEC+ September Seaborne Exports Edge Up Even As Overproduction Is Checked, Non-Alliance Shipments Fall To Year Low
Stock Information
Company Name: United States Oil Fund
Stock Symbol: USO
Market: NYSE
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