Crude oil exports in a initial half of 2017 increasing by some-more than 300,000 barrels per day (b/d) from a initial half of 2016, reaching a record high of 0.9 million b/d. Petroleum product exports also grew over a same duration with propane and essence exports reaching record highs of 0.9 million b/d and 1.3 million b/d, respectively.
Following the removal of restrictions on exporting U.S. wanton oil in Dec 2015, sum volumes of wanton oil exports and the number of destinations for those exports both increased. The United States exported wanton oil to 27 countries in a initial half of 2017 compared with 19 countries in a initial half of 2016.
Canada remained a largest target of U.S. wanton oil exports during 307,000 b/d, though alien an normal of 63,000 b/d reduction compared with a initial half of 2016. China increasing a wanton imports from a United States by 178,000 b/d and became a second largest importer of U.S. wanton oil, averaging 186,000 b/d in a initial half of a year.
Distillate exports in a initial half of 2017 were 14% aloft than in a initial half of 2016, with exports to South and Central America accounting for many of this growth. The share of essence exports to Central and South America increasing somewhat to 56%, while a share of essence exports to Western Europe fell to 19%. Mexico remained a largest singular end for U.S. distillate, averaging 17% of sum exports (223,000 b/d), followed by Brazil and a Netherlands.
In a initial half of 2017, notwithstanding consistently clever domestic demand, U.S. exports of sum engine gasoline averaged a record high of 756,000 b/d, a 3% boost from a initial half of 2016. High levels of domestic production of gasoline contributed to this record-high trade level.
Mexico was a end of some-more than half (53%) of sum U.S. gasoline exports in a initial half of 2017. Recent marketplace reforms in Mexico, that concede entities other than state-owned Pemex to import petroleum products, might have contributed to a new expansion in Mexico’s gasoline imports from a United States. Although Mexico produces vast amounts of wanton oil, Mexico’s refinery outlay of products such as gasoline has been disappearing given 2015.
In a initial half of 2017, Mexico gifted astonishing refinery outages that reduced prolongation of gasoline and distillates even further, and U.S. exports of gasoline to Mexico increasing by 27,000 b/d compared with a initial half of 2016.U.S. propane exports reached a record high of 913,000 b/d in a initial half of 2017, adult from 790,000 b/d in a initial half of 2016.
U.S. exports to Asian markets, that accounted for 74% of a expansion given a initial half of 2016 and now make adult a infancy of a end countries for U.S. propane exports.
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