Crude oil loadings across the U.S. Gulf Coast increased for the second consecutive week following Hurricane Beryl, which made landfall on July 8 between Houston and Corpus Christi. Exports reached 4.9 MMb/d last week, up 0.4 MMb/d compared to the previous week and nearly 0.9 MMb/d higher than the year-to-date average. The four-week moving average (dashed-red line in chart below) now stands at 4.2 MMb/d.
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- Analyst Insight
U.S. Crude Oil Exports Edge Above Year-To-Date Levels
Despite the continued challenge to export economics posed by the narrow Brent-WTI spread, U.S. crude oil loadings rose to 4 MMb/d last week, an increase of 689 Mb/d from the previous week.
- Analyst Insight
U.S. Gulf Coast Crude Oil Exports Drop to Lowest Level in Over a Year, Partly Driven by Hurricane Francine
U.S. crude oil loadings from the Gulf Coast dipped by 153 Mb/d week-on-week to 2.8 MMb/d, marking the lowest level since mid- 2023.
- 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.
