US oil exports are about to spike after Hurricane HarveyNick Cunningham
Colombia will increase oil exports to the US by 40,000 b/d in 2022, following the US ban on Russian crude and oil products, Colombian minister of mines and energy Diego Mesa said. Latin America's third-largest oil producer exported an aver- age of 138,000 b/d of oil to the US in...
See also United States Top 10 Exports, US Iron and Steel Imports by Supplier Countries, America’s Top Trading Partners, Crude Oil Imports by Country and Crude Oil Exports by CountryResearch SourcesCentral Intelligence Agency, The World Factbook Country Profiles. Accessed on August 17, 2023Internati...
Chinese refiners have also limited their U.S. crude purchases amid concerns that Beijing could impose import duties on U.S. oil as part of its trade war with the United States. Unipec, the trading arm of Asia's largest refiner Sinopec , resumed U.S. oil liftings to China in September ...
the country's oil exports would be significantly increased. The reason why it may not increase immediately was that Iran's oil production equipment was being repaired. The current global oil daily output had reached a record high of 92,000,000 barrels, while after the sanctions imposed on Iran...
Last month, the US crude oil exports to all destinations were 3.94 million barrels per day, lower than May's 4.21 million barrels per day. The majority of exports to Europe are WTI Midland crude oil, which has become the main raw material for European refineries. Due to the rapid increase...
“A glut of oil”. This is the reality after 3 years of record high annual oil prices. It is also the background to last week’s decision by the US Administration to approve condensate exports. In turn, this is a likely game-changer for global oil markets and long-suffering petchem ...
According to Energy Information Administration data, in the period from January to November 2020 the US consumed 14.2 million b/d of crude, with imports totalling 5.9 million b/d. At the same time, the country exported 3.2 million b/d. (it’s important to note that most U...
The four-week rolling average of US crude oil export volumes has not fallen below 2 million bpd during the past three years, despite the COVID-19 pandemic.
of the war. And the complexities of going after one of the world’s largest producers have been borne out in the following months. As Americans and Europeans are suffering high gas prices, Moscow is still reaping massive revenues from its oil exports – due in part to the skyrocketing ...