U.S. petroleum product exports continue to increase

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Total U.S. petroleum product exports continued to boost in 2015, adult 467,000 barrels per day (b/d) from 2014 to 4.3 million b/d, driven by increasing exports of essence fuel, engine gasoline, and propane. Mexico and countries in Central and South America continue to be vital recipients of U.S. petroleum product exports.

Image credit: U.S. Energy Information Administration

Image credit: U.S. Energy Information Administration

Exports of essence fuel oil paint a largest member of U.S. petroleum product exports, and averaged 1.19 million b/d in 2015, an boost of 85,000 b/d from 2014. The United States exported essence fuel to 88 opposite countries in 2015. The tip end for U.S. essence exports was Mexico, averaging 143,000 b/d in 2015, an boost of 15,000 b/d from a prior year. Distillate exports to Central and South America averaged 595,000 b/d in 2015, adult 10,000 b/d from a prior year. Chile was a region’s largest singular importer of U.S. essence in 2015, averaging 101,000 b/d.

Image credit: U.S. Energy Information Administration

Image credit: U.S. Energy Information Administration

As continued high U.S. refinery runs and a warmer-than-normal heating deteriorate total to pull U.S. essence inventories above a five-year normal and total to pull prices lower, exports of essence to Western Europe also increased. In a third and fourth buliding of 2015, essence exports to Western Europe increasing year-over-year by 80,000 b/d and 136,000 b/d, respectively. Increased U.S. exports contributed to high essence inventories in a vital enlightening and petroleum hubs of Amsterdam and Rotterdam in a Netherlands, and Antwerp in Belgium, collectively famous as a ARA.

Image credit: U.S. Energy Information Administration

Image credit: U.S. Energy Information Administration

Motor gasoline was a second-largest U.S. petroleum product trade in 2015, averaging 618,000 b/d and exported to 102 opposite countries, adult 68,000 b/d from 2014. As with distillate, Mexico is a largest target of U.S. engine gasoline exports, averaging 307,000 b/d in 2015. Central and South America are also a vital end for U.S. engine gasoline exports, receiving 228,000 b/d in 2015, adult 29,000 b/d from 2014. U.S. exports of engine gasoline to Africa decreased by 28,000 b/d in 2015 compared with 2014, mostly given of revoke exports to Nigeria, one of Africa’s largest gasoline importers, as fuel import module reforms took place in that country.

Image credit: U.S. Energy Information Administration

Image credit: U.S. Energy Information Administration

U.S. exports of propane scarcely matched those of engine gasoline during 615,000 b/d in 2015, adult 193,000 b/d from a prior year. Low U.S. propane prices have speedy a enlargement of propane trade ability given 2013. Unlike exports of essence and engine gasoline, U.S. propane exports are unfailing especially for Asia, averaging 220,000 b/d in 2015, an boost of 138,000 b/d over 2014. Asia is approaching to be a heading source of tellurian propane expenditure growth, with an expanding petrochemical zone as a categorical driver.

Some of a imports from a United States in a segment encompassing Central and South America in 2015 reflected supply constraints that are expected to be temporary. For example, Ecuadorian direct for U.S. gasoline increasing while PetroEcuador’s 110,000 b/d Esmeraldas refinery was sealed for many of a year for a vital upgrade. Colombian direct for U.S. gasoline and essence reserve increasing after a rebate in supply from adjacent Venezuela and after delays in a opening of Ecopetrol’s new 165,000 b/d refinery in Cartagena. Supplies from a new and upgraded refineries in Ecuador and Colombia, along with Petrobras’s new 230,000 b/d Abreu e Lima refinery in Brazil, have a intensity to revoke that country’s need for gasoline and essence imports from a United States.

Source: EIA