09-08-2018, 12:27 AM
US oil exports hit new records
U.S. oil exports reached new soaring heights in the first six months of 2018, with half of all exports going to Europe and Asia and India shoring up the rest, according to new data from the federal government.
U.S. crude oil exports saw an 80 percent increase in the first half of 2018 compared to the same period last year, according to the latest data and analysis issued Thursday by the Energy Information Administration.
That's an increase of 787,000 barrels per day, to set a new monthly record in June of 2.2 million barrels on average per day.
The largest recipients of U.S. oil were in Asia, with U.S. crude oil exports to China more than doubling in the first six months of the year. U.S. crude oil to China grew by 193,000 barrels per day compared to the first half of 2017.
But U.S. oil exports to other countries in the region also rose significantly. Exports to South Korea and India jumped 81,000 barrels per days and 72,000 barrels per day, respectively, from the previous year.
https://www.washingtonexaminer.com/p...it-new-records
U.S. oil exports reached new soaring heights in the first six months of 2018, with half of all exports going to Europe and Asia and India shoring up the rest, according to new data from the federal government.
U.S. crude oil exports saw an 80 percent increase in the first half of 2018 compared to the same period last year, according to the latest data and analysis issued Thursday by the Energy Information Administration.
That's an increase of 787,000 barrels per day, to set a new monthly record in June of 2.2 million barrels on average per day.
The largest recipients of U.S. oil were in Asia, with U.S. crude oil exports to China more than doubling in the first six months of the year. U.S. crude oil to China grew by 193,000 barrels per day compared to the first half of 2017.
But U.S. oil exports to other countries in the region also rose significantly. Exports to South Korea and India jumped 81,000 barrels per days and 72,000 barrels per day, respectively, from the previous year.
https://www.washingtonexaminer.com/p...it-new-records
