To be sure, weekly U.S. exports rise and fall by wide margins from week to week. The U.S. will start consistently exporting more crude oil and petroleum products than it imports at the end of next year, EIA
Overall, U.S. crude exports last week touched a weekly record of 5.1 million barrels per day (bpd), boosted by higher shale production. The U.S. benchmark West Texas Intermediate (WTI) traded at a nearly $9 a barrel discount to global Brent, compared to a $6 discount at the start o...
However, weekly crude exports dropped by about 1.4 million barrels per day (bbl/d), sending stockpiles in the Gulf Coast surging and pushing net U.S. crude imports up last week by 1.4 million bbl/d. "Despite a rise in refinery runs, a cratering in crude exports last week yielded a wh...
US crude oil exports are expected to rise in 2022 and exceed an average of 3 million b/d as North American production rises amid a higher oil and gas pricing environment. However, US exports will not spike as much as crude production volumes this year because domestic demand also is expecte...
US imports of light, sweet crude from Nigeria have all but dried up, as imports are increasingly being replaced by booming domestic production of crude oil and other liquids. Weekly data from the US Energy Information Administration (EIA) show that Nigerian crude shipments to the US have fallen...
Weekly U.S. crude oil production hit the highest level on record last week, according to preliminary government data, in another sign of the resilience of American shale drillers. The United States produced 9.62 million barrels of oil a day in the week through Nov. 3, the U.S. Energy In...
Houston-Weekly US crude exports for the week ended Aug. 28 were just over 3 million b/d, according to the Energy Information Administration, as data from Kpler, a data intelligence company, shows export volumes to Asia have slowed amid tight arbitrage. The US exported around 680,372 b/d ...
1. Exports averaged 2.579 million b/d: EIA, 2. Rare cargo exported from US East Coast: Kpler, 3. Exports to be lower on average in 2021: Platts Analytics. Houston-US crude exports fell over the week ended on April 9, however, despite the decline, the four-week moving average rose to...
conflict is reduced. Therefore, the market expects that the possibility of the US escalating sanctions on Iran's oil exports will also decrease. As the market's concerns slow down, the positive international oil supply has dissipated, to some extent smoothing out the risk premium of crude oil....
News, the US cotton weekly export report (2011.05.13-05.19): week, 2010/11, USA Upland cotton The number of cancelled contracts exceeds the new contract volume, resulting in net export volume of -0.75 million tons. The net contract volume of US cotton exports was 4 thousand and 900 tons ...