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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