U.S. crude oil exports increased to nearly 3 million barrels per day in 2019

U.S. crude oil exports increased to nearly 3 million barrels per day in 2019
WESPECH PTE LTD
8 Eu Tong Sen Street #14-94, The Central, Singapore (059818)
+65 315 904 24

12.03.2020

U.S. crude oil exports averaged 2.98 million barrels per day (b/d) in 2019, up 45% (930,000 b/d) from 2018. This growth in U.S. crude oil exports was driven by increasing U.S. crude oil production, expanding domestic infrastructure, and increasing global demand for light, low-sulfur crude oils. The number of destinations for U.S. crude oil exports also increased from 41 to 44. Canada received the largest share of U.S. crude oil exports at 459,000 b/d (15%), followed by South Korea at 426,000 b/d (14%).

Full article at eia.gov

Back

news