Crude oil loadings across the U.S. Gulf Coast dropped following two consecutive weeks of recovery after Hurricane Beryl. Last week, exports totaled 3.8 MMb/d, down 1.1 MMb/d compared to the previous week and 0.2 MMb/d below the year-to-date average. The four-week moving average (dashed-red line in chart below) now stands at 4.1 MMb/d.
Featured Articles
- Analyst Insight
U.S. Crude Oil Exports Post Second Consecutive Weekly Increase After Hurricane Beryl
Crude oil loadings across the U.S. Gulf Coast increased for the second consecutive week following Hurricane Beryl, which made landfall on July 8 between Houston and Corpus Christi.
- Blog
Stranger in Town - Nigeria Turning to U.S. Crudes to Feed Dangote Refinery
If you asked someone where U.S. crude oil shipments would go when the Obama administration ended the ban on most crude exports in December 2015, it’s not likely that Nigeria would have come to mind. Yet this year marked the second time since the restrictions ended that U.S. oil has been sent to the OPEC member, this time to feed its long-awaited Dangote refinery. In today’s RBN blog, we will examine this development and the prospects for more U.S. exports to the West African nation.
- Analyst Insight
U.S. Crude Oil Exports Edge Above Year-To-Date Levels
Despite the continued challenge to export economics posed by the narrow Brent-WTI spread, U.S. crude oil loadings rose to 4 MMb/d last week, an increase of 689 Mb/d from the previous week.
