Crude oil loadings across the U.S. Gulf Coast increased to 4.1 MMb/d last week from 3 MMb/d a week earlier, the lowest level so far in 2024. The four-week moving average (blue line in chart below) remained flat at 3.6 MMb/d. While we experienced a jump last week, the first three weeks in April averaged just 3.5 MMb/d compared to 4.2 MMb/d in March and 4.4 MMb/d in February. Exports were down last week in Houston but up at Beaumont, Louisiana and — most notably — Corpus Christi.
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- Analyst Insight
US Crude Exports Drop to 3.4 MMbpd
US Crude Exports fall to 3.4 MMb/d, dragging down the four-week average.
- Analyst Insight
U.S. Crude Exports Now 500 Mbd Below Year-to-Date Average
Crude oil loadings across the U.S. Gulf Coast were steady at 3.5 MMb/d last week, shifting the 4-week moving average to 3.6 MMb/d.
- Analyst Insight
Weekly U.S. Crude Oil Exports Plummet But 4-Week Average Trends Higher
U.S. crude oil loadings averaged 2.9 MMb/d last week, a drop of 1.5 MMb/d from the previous week. Despite this, the four-week moving average was brought up to 3.8 MMb/d, with last week replacing a slightly lower volume for the week ended November 8.
