From This Week in Petroleum:
”While the January-through-July average distillate product supplied (a proxy for demand) increased slightly, from 3.8 million barrels per day (b/d) in 2016 to 3.9 million b/d in 2017, the growth in exports increased more quickly. From January through July 2017, U.S. distillate exports averaged 1.4 million b/d, nearly 195,000 b/d more than in the same period in 2016.”
Here are the destinations:
“The largest single recipient of U.S. distillate exports from January through July 2017 was Mexico (228,000 b/d), followed by Brazil (183,000 b/d) and the Netherlands (102,000 b/d). For North America, although exports to Canada decreased by 15,000 b/d compared with the same months in 2016, exports to Mexico increased by more than 76,000 b/d. Distillate exports to Brazil increased by 83,000 b/d from 2016 levels to 183,000 b/d in 2017. Trade press reports indicate that the decision by Brazil’s state-controlled oil company, Petroleo Brasileiro SA, to raise diesel prices in April, combined with competitive tanker rates, supported U.S. exports to Central and South America.”
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