As discussed in the Crude Voyager Report, exports out of the U.S. Gulf Coast (USGC) averaged 5.4 MMb/d for the week ended May 29, with strength seen across a number of terminals. In the Houston region, the Seaway Freeport Terminal loaded crude oil for export for the seventh consecutive week, marking its longest stretch of uninterrupted export activity since 2023. Seaway Freeport exported just six vessels in 2024 and 12 in 2025, compared with 18 vessels already loaded in 2026. Year-to-date exports from the terminal have surpassed 10 MMbbl (blue bar in the chart below), with April and May 2026 alone accounting for more export volume than the terminal shipped during all of 2025.
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