U.S. crude oil exports reached their highest level in six months in September, as reported in the recent data by the U.S. Census Bureau. The records indicate that shipments amounted to 4.2 MMb/d, marking a 154 Mb/d increase as compared to August volumes. Notably, exports to the Asia Pacific and Europe regions were observed at 1.9 MMb/d and 1.8 MMb/d, respectively, reflecting an uptick of 79 Mb/d and 166 Mb/d from the preceding month. China raised its U.S. crude oil imports in September to 583 Mb/d, marking an increase of 253 Mb/d and reaching the highest level in five months. Additionally, the Netherlands also increased their crude oil imports to 580 Mb/d, a 10 Mb/d increase from August. South Korea saw a 15 Mb/d increase in imports to 532 Mb/d.
Featured Articles
- Analyst Insight
The Netherlands Top Destination for U.S. Crude Oil in August: U.S. Census Bureau
Even though the Netherlands imported 296 Mb/d less U.S. oil in August than in July, the country remained the top destination for the fourth straight month at 569 Mb/d.
- Analyst Insight
The Netherlands Emerges as Top Importer of U.S. Crude Oil in October
The Netherlands imported the highest share of U.S. crude oil in October at 856 Mb/d, bringing the year-to-date cargoes to 634 Mb/d, nearly double the volume noted in 2022.
- 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.
