The Crude Voyager report shows that after several weeks of subdued activity, crude oil exports across the U.S. Gulf Coast rose by 1.3 MMb/d to 4.3 MMb/d for the week ended May 26 — the highest weekly volume in five weeks. All key export regions loaded more cargoes than in the previous week. The Houston region loaded near-record volumes at 1.2 MMb/d, the highest in eight weeks. The Corpus Christi region also loaded 114 Mb/d more crude at 2.3 MMb/d. A record number of tankers, 38, received crude oil across the Gulf Coast last week, including five Very Large Crude Carriers (VLCCs).
Featured Articles
- Blog
Fear Inoculum - Oil Market Shows Concern, Not Panic, Over U.S.-Iran Face-Off
Fear about supply interruption isn’t the frantic force it used to be in the crude oil market. A deadly confrontation that might have pushed the U.S. and Iran to the verge of war raised the spot Brent crude oil price to above $70/bbl early in the week of January 6. Despite continuing regional concerns, the price quickly subsided. By January 13, Brent spot had fallen to $64.14/bbl, its lowest point since December 3. Before the Shale Era, a U.S.-Iranian face-off may well have launched Brent crude to well over $100/bbl as oil traders blew fuses over the heightened possibility of disruption to Persian Gulf oil production and transportation. There’s nothing like adequacy of supply, globally dispersed, to keep things calm — or at least calmer than they would have been if the U.S. and Iran had drawn so much sword a dozen years ago. In this blog, we’ll discuss where U.S. crude exports have been heading, how close the oil gets to strategically touchy areas, and whether the market still has reason to worry about disruption to oil supply.
- Analyst Insight
USGC Export Terminals Set Multiple Records with 5.3 MMb/d of Crude Oil
The Crude Voyager Report shows that crude oil exports across the USGC soared last week by 1.7 MMb/d to 5.3 MMb/d for the week ended September 22 — the highest weekly volume on record.
- Analyst Insight
Robust Demand Sets Multiple Records for USGC Crude Oil Exports in October
Data from RBN’s weekly Crude Voyager report shows that crude oil exports from the U.S. Gulf Coast remained high at 4.4 MMb/d for the week ended November 3, only 14 Mb/d below the previous week’s robust levels.
