Crude oil loadings across the U.S. Gulf Coast surged by 1.3 MMb/d last week, reaching 4.4 MMb/d — the highest level since mid-March. This significant increase shifted the four-week moving average (red dashed line in chart below) to 3.7 MMb/d. Notably, last week’s exports were 175 Mb/d higher than in Q1 2024 and 377 Mb/d higher than the year-to-date average. Exports from all regions increased, with Louisiana seeing the largest change.
Featured Articles
- Analyst Insight
Alberto Helps Push U.S. Crude Exports to Lowest Since July 2023
Crude oil loadings across the U.S. Gulf Coast plummeted by 1.4 MMb/d, dropping to 3 MMb/d — the lowest level since mid-July last year.
- Analyst Insight
U.S. Crude Oil Exports Slide, Mixed Short-Term Global Demand Signals
U.S. crude oil loadings dropped to 3.6 MMb/d last week, a decrease of 0.8 MMb/d from the previous week.
- 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.
