U.S. crude oil loadings averaged 3.7 MMb/d last week, an increase of 680 Mb/d from the previous week. Corpus Christi drove the rebound by an increase of 584 Mb/d. Last week’s export volumes remained short of the 3.9 MMb/d year-to-date (YTD) average and pulled the four-week moving average down about 300 Mb/d to 3.7 MMb/d (red-dashed line in graph below).
Featured Articles
- Analyst Insight
U.S. Crude Oil Exports Skyrocket to 16-Week High, Spurred by Production Outages Abroad
U.S. crude oil loadings surged to 4.6 MMb/d last week, an increase of 2.1 MMb/d (87%) from the previous week. Unplanned outages in Kazakhstan and Norway, totaling more than 1 MMb/d, spurred increased U.S. export demand.
- Analyst Insight
Weekly U.S. Crude Oil Exports Plummet But 4-Week Average Trends Higher
U.S. crude oil loadings averaged 2.9 MMb/d last week, a drop of 1.5 MMb/d from the previous week. Despite this, the four-week moving average was brought up to 3.8 MMb/d, with last week replacing a slightly lower volume for the week ended November 8.
- Analyst Insight
Weekly U.S. Crude Oil Exports Rebound from Winter Storm Enzo
U.S. crude oil exports averaged 3.8 MMb/d last week, up 324 Mb/d from the prior week, recovering from Winter Storm Enzo, which impacted the Gulf Coast the prior week.
