{"id":1502,"date":"2020-08-17T18:51:55","date_gmt":"2020-08-17T22:51:55","guid":{"rendered":"https:\/\/pflpetroleum.com\/reports\/?p=1502"},"modified":"2023-06-16T16:00:04","modified_gmt":"2023-06-16T20:00:04","slug":"petroleum-daily-report-8-17-2020","status":"publish","type":"post","link":"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-8-17-2020\/","title":{"rendered":"Petroleum Daily Report 8-17-2020"},"content":{"rendered":"\n<p align=\"center\"><a href=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2020\/08\/Petroleum_Daily8172020.pdf\" alt=\"Crude oil prices traded up for the day on a weaker dollar and firming stock market. China plans to boost US crude imports, even though they had been falling short of targets. Chinese state-owned oil firms have tentatively booked tankers to transport at least 20 million barrels of U.S. crude for August and September. Record Chinese imports have been supporting prices, though an uptick in virus cases threatens that trend. \u201cClearly the market is not tightening as quickly as initially anticipated. Demand is taking longer than expected to get back to normal levels,\u201d ING Group said. In the United States the number of oil and natural gas rigs operating last week remained anchored at a record low for a 15th week, even as higher oil prices prompt some producers to start drilling again. WTI traded up $.88 or 2.09% to close at $42.89. Brent traded up $.57 or 1.27% to close at $45.37.\">Click here if viewing from mobile<\/a><br><embed src=\"https:\/\/pflpetroleum.com\/reports\/wp-content\/uploads\/2020\/08\/Petroleum_Daily8172020.pdf\" type=\"application\/pdf\" width=\"100%\" height=\"950\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p> China plans to boost US crude imports, even though they had been falling short of targets. Chinese state-owned oil firms have tentatively booked tankers to transport at least 20 million barrels of U.S. crude for August and September. <\/p>\n","protected":false},"author":2,"featured_media":906,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-1502","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-petroleum-daily"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The PFL Petroleum Markets Report for August 17th, 2020<\/title>\n<meta name=\"description\" content=\"China plans to boost US crude imports, even though they had been falling short of targets. Chinese state-owned oil firms have tentatively booked tankers to transport at least 20 million barrels of U.S. crude for August and September.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pflpetroleum.com\/reports\/petroleum-daily-report-8-17-2020\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"David Cohen\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-8-17-2020\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-8-17-2020\\\/\"},\"author\":{\"name\":\"David Cohen\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#\\\/schema\\\/person\\\/a1626ada30eb419d743c03635e5ea619\"},\"headline\":\"Petroleum Daily Report 8-17-2020\",\"datePublished\":\"2020-08-17T22:51:55+00:00\",\"dateModified\":\"2023-06-16T20:00:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-8-17-2020\\\/\"},\"wordCount\":11,\"publisher\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-8-17-2020\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/wp-content\\\/uploads\\\/2020\\\/05\\\/stock-exchange.jpg\",\"articleSection\":[\"Petroleum Daily\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-8-17-2020\\\/\",\"url\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-8-17-2020\\\/\",\"name\":\"The PFL Petroleum Markets Report for August 17th, 2020\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-8-17-2020\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/petroleum-daily-report-8-17-2020\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/pflpetroleum.com\\\/reports\\\/wp-content\\\/uploads\\\/2020\\\/05\\\/stock-exchange.jpg\",\"datePublished\":\"2020-08-17T22:51:55+00:00\",\"dateModified\":\"2023-06-16T20:00:04+00:00\",\"description\":\"China plans to boost US crude imports, even though they had been falling short of targets. 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