As discussed in this week's Crude Voyager, crude oil exports out of the U.S. Gulf Coast (USGC) for the week ended January 16 were flat with the prior week, averaging 3.6 MMb/d (far right of chart below). Volumes shifted across individual ports, as declines in Houston and Louisiana were offset by higher volumes loaded from Corpus Christi and Beaumont. Europe continues to function as the anchor market for USGC crude exports, absorbing the majority of weekly loadings across Houston, Corpus Christi, and Beaumont.
Featured Articles
- Blog
Every Day I’m Shuffling – Changes at Houston, Corpus Christi Show How U.S. Crude Exports are Evolving
Houston and Corpus Christi dominate crude oil exports, but the balance between the two hot spots has been shifting in interesting ways recently. In Houston, Enterprise could extend its lead and in Corpus Christi, South Texas Gateway is fighting for the top spot after adding a new pipeline connection last fall.
- Blog
How High? – Surge in U.S. Crude Exports Ups Estimates of What Gulf Coast Terminals Can Handle
The monthslong closure of the Strait of Hormuz and the related surge in crude oil exports from the U.S. Gulf Coast has prompted two big questions: (1) how much oil can the region’s marine terminals reliably send out on a sustained basis and (2) does the USGC need more export capacity.
- Analyst Insight
Gulf Coast Crude Exports Hold Above 5 MMb/d for Fourth Straight Week
U.S. Gulf Coast crude exports continued to operate at exceptionally elevated levels last week, marking the fourth consecutive week with total exports averaging above 5 MMb/d (far right of chart below).
