Crude oil loadings across the U.S. Gulf Coast surged to 4 MMb/d last week, marking a 35% increase of 1 MMb/d from the previous week. This follows two consecutive weeks of lower volumes, which had come on the heels of a sharp uptick in activity after Hurricane Beryl in early July. The four-week moving average (dashed-red line in chart below) now stands just under 4 MMb/d.
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- 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.
- Analyst Insight
U.S. Gulf Coast Crude Oil Exports Drop to Lowest Level in Over a Year, Partly Driven by Hurricane Francine
U.S. crude oil loadings from the Gulf Coast dipped by 153 Mb/d week-on-week to 2.8 MMb/d, marking the lowest level since mid- 2023.
- Analyst Insight
China-Bound Loadings Rise Amid Declining U.S. Gulf Coast Crude Oil Exports
U.S. crude oil loadings decreased by 211 Mb/d week-on-week to 3.7 MMb/d, bring the four-week moving average just under 3.7 MMb/d — its lowest level since the week ending June 21.
