U.S. Gulf Coast (USGC) crude oil exports declined by 870 Mb/d last week to 3.2 MMb/d (far right of chart below), placing volumes more than 600 Mb/d below the 2025 year-to-date (YTD) average. Export reductions were observed across all major USGC loading regions with the exception of Louisiana, whose flows were consistent with those of the prior week.

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