Crude oil loadings across the U.S. Gulf Coast, which decreased by 0.5 MMb/d to 3.9 MMb/d last week, could move lower this week due to the impact of Hurricane Beryl. The four-week moving average (dashed-red line in chart below) now sits at 3.9 MMbbl. Exports decreased last week for all regions except Houston, which increased 136 Mb/d week-over-week.
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U.S. Gulf Coast Crude Exports Fall Amid Beryl-Related Port Shutdowns
After the Storm, Part 2 - Hurricane Harvey and the Importance of the Gulf Coast Refined Product Infrastructure to the U.S.
It’s been a year since Hurricane Harvey made landfall and devastated the Texas Gulf Coast, and the Atlantic Basin is once again entering peak hurricane season. Among the widespread and prolonged effects of Harvey was the disruption of refinery and refined product pipeline capacity along the Gulf Coast, which then reverberated in downstream markets across Texas, and the U.S. East Coast and Midwest regions. As such, a closer look at Harvey’s timeline provides key insights into the importance of Gulf Coast refineries to the broader U.S. market. Today, we continue our series on Gulf Coast refining and pipeline infrastructure, and how a natural disaster along the coast can impact the rest of the country.