Crude oil exports out of the U.S. Gulf Coast (USGC) rose for the second consecutive week, increasing by 236 Mb/d from the previous week. Volumes across 24 loaded vessels reached 3.8 MMb/d, just 14 Mb/d below the year-to-date (YTD) average. The increase was primarily driven by stronger flows to Asia-Pacific (APAC) countries, with shipments up nearly 40% week-over-week, rising from 9.1 MMbbl to 14.6 MMbbl.
Featured Articles
- Analyst Insight
U.S. Crude Oil Exports Climb, VLCC Arrivals Signal More to Come
Crude oil exports out of the U.S. Gulf Coast rose to nearly 4 MMb/d last week, an increase of 1.1 MMb/d, with increased activity observed in all regions except Louisiana.
- Analyst Insight
U.S. Crude Oil Exports Slide, Mixed Short-Term Global Demand Signals
U.S. crude oil loadings dropped to 3.6 MMb/d last week, a decrease of 0.8 MMb/d from the previous week.
- 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.
