US oil exports… EIA

by Jim Colburn • Friday, March 9, 2018

The EIA’s “This Week in Petroleum” has a nice piece on US petroleum exports here

“Exports grew to 1.1 million barrels per day (b/d) in 2017, or 527,000 b/d (89%) more than exports in 2016, in the second full year of unrestricted U.S. crude oil exports. ”

By destination:

The WTI/Brent price differential was an incentive to move US barrels to export:

Spot Brent crude oil prices averaged $3.36 per barrel (b) more than WTI prices in 2017 compared with just $0.40/b more 2016, providing a price incentive to export U.S. crude oil into the international market.”




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