U.S. Gulf Coast crude exports averaged 3.7 MMb/d for the week ended January 30, sliding nearly 350 Mb/d from the prior week and coming in roughly 200 Mb/d below the 2026 YTD average as Winter Storm Fern swept across much of the country. The storm disrupted production, port operations, and terminal loadings, with freeze-offs tightening supply into export docks. According to our Crude Oil Permian report, Fern led to as much as 1.3 MMb/d of Permian production shut-ins during its peak, constraining feedstock availability just as ports were contending with weather-related disruptions. Corpus Christi continued to serve as the backbone of Gulf Coast exports and showed a slight increase in exports week-on-week, but volumes out of Houston, Beaumont, and Louisiana pulled back.
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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.
Ridin’ The Storm Out – Will the Storm Set to Slam the South Lead to a Winter Storm Uri Reprise?
The gas market was roiled this week by the severe winter weather set to sweep across the country. Today, we discuss the market’s jump in advance of Winter Storm Fern’s arrival and whether its effects will rival the tremendous dislocations caused by Uri.
Winter Storm Temporarily Slashes U.S. LNG Feedgas Demand
U.S. LNG feedgas demand averaged 17.2 Bcf/d last week, down about 1.2 Bcf/d week-on-week. Feedgas plummeted over the weekend as Winter Storm Fern hit parts of the country. The storm caused massive production freeze-offs, high domestic demand, and spiking U.S. prices, which in turn disrupted LNG feedgas demand.