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U.S. Crude Oil Exports Elevated and Reached Extra Locations in 2017

Supply: U.S. Vitality Data Administration, Petroleum Provide Annual, Petroleum Provide Month-to-month U.S. crude oil exports grew to a mean of 1.1 million barrels per day (b/d) in 2017, the second full 12 months since restrictions on crude oil exports have been eliminated. Crude oil exports in 2017 have been practically double the extent of exports in 2016. Elevated U.S. crude oil exports have been supported by growing U.S. crude oil manufacturing and expanded infrastructure. U.S. crude oil exports went…

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U.S. Crude Oil Exports Elevated Following Hurricane-Associated Refinery Disruptions

From late August by means of September 2017, Hurricane Harvey prompted disruptions to the U.S. Gulf Coast refining sector, leading to record-high U.S. crude oil exports when export services reopened after the storm and earlier than many refineries returned to pre-storm ranges of utilization. In October 2017, crude oil exports from the USA reached a month-to-month document of greater than 1.7 million barrels per day (b/d). EIA’s Petroleum Provide Month-to-month information for October 2017 present that the biggest will increase…

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