U.S. Exports Dip As Fewer VLCCs Enter Gulf Coast for Loading

Crude oil loadings across the U.S. Gulf Coast dropped to 3.7 MMb/d last week from 3.9 MMb/d the previous week, shifting the 4-week moving average (blue line in chart below) to 3.9 MMb/d. Last week’s average was 478 Mb/d below the Q1 2024 average.