Data from the Crude Voyager report shows that crude oil exports from the U.S. Gulf Coast rose by 342 Mb/d to 3.6 MMb/d for the week ended August 11. The slow and steady rise in loadings was supported by increased shipments from the Corpus Christi and Louisiana regions. While cargoes at Corpus Christi crossed 2 MMb/d, Louisiana-area terminals loaded a robust 750 Mb/d, or 5.3 MMbbl – the highest in four months.
Featured Articles
- Analyst Insight
Surge in VLCC Presence in USGC Set to Drive Growth in Crude Oil Exports
Crude oil exports from the U.S. Gulf Coast posted the largest gain in nine weeks, rising by 521 Mb/d as terminals collectively loaded over 4.1 MMb/d in the week ended August 18 as per the weekly Crude Voyager report. Additionally, thirteen VLCCs entered the Gulf of Mexico last week for loading – the highest in four months.
- Blog
One Week - A Record Seven Days for Gulf Coast Crude Exports, and a Lot More
The level of activity at crude oil export terminals from Corpus Christi to the Louisiana Offshore Oil Port (LOOP) is nothing short of extraordinary — a record 4.8 MMb/d was loaded the week ended August 25, according to RBN’s Crude Voyager report, and Houston-area terminals loaded an all-time high of 1.4 MMb/d. But there’s a lot more to the crude exports story. When you live this stuff day-in, day-out, you see subtle changes that often extend into trends and, if you’re lucky, you sometimes get signals that things you’d been predicting are actually happening. In today’s RBN blog, we discuss highlights from the latest Crude Voyager and what the weekly report’s data and analysis reveal about the global oil market.
- Analyst Insight
USGC Export Terminals Set Multiple Records with 5.3 MMb/d of Crude Oil
The Crude Voyager Report shows that crude oil exports across the USGC soared last week by 1.7 MMb/d to 5.3 MMb/d for the week ended September 22 — the highest weekly volume on record.
