Wednesday, April 23, 2014

U.S. petroleum product exports up in 2013

Exports of petroleum products from the U.S. rose 10 percent year-over-year in 2013, at an average 3.5 million barrels per-day, according to a statement from the U.S. Energy Information Administration.

In December 2013, the agency reports that U.S. exports of petroleum products reached 4.3 million barrels per-day, the first time ever exports exceeded 4 million barrels per-day in a single month.

Average exports of distillate fuels were more than 1.1 million bbl/d in 2013, the EIA reports, which is more than 110,000 bbl/d greater than 2012 totals. Domestic crude oil and natural gas reached refinery runs that were near record highs.

The agency said the largest increases in distillate export volumes were those bound for Central and South America, already the largest destination for U.S.-produced distillate fuel. U.S. distillate exports to that region increased by 60,000 bbl/d, reaching 550,000 bbl/d in 2013.

U.S. gasoline exports increased by 45,000 bbl/d in 2013, averaging 550,000 bbl/d for the year, according to the EIA. December 2013 gasoline exports set a monthly record of 770,000 bbl/d. Gasoline exports increased to Africa, Central and South America, and Mexico.

The U.S. continues to import significant amounts of petroleum products, including a 2013 average of approximately 2.1 million bbl/d. However, the EIA says that our imports are generally decreasing. Although the Gulf Coast is a large exporter of gasoline, due to current infrastructure constraints the East Coast continues to import substantial amounts of gasoline from Europe and Canada.


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