382 The US is shipping massive quantities of refined products abroad, with volumes exceeding pre-pandemic levels for four consecutive months despite lower domestic throughput capacity. Crude oil shipments are lagging, and production remains well below pre-Covid-19 levels.US producers and refiners are likely to be even more focused on foreign markets in the future given lackluster regional demand forecasts and the effects of the energy transition in other countries. Save for later Print Download Share LinkedIn Twitter Exports of refined products from the world’s largest economy are back at pre-pandemic levels, but crude shipments continue to lag. Both trends come in spite of a sizable drop in US downstream capacity and reflect to a degree the different paces of recovery from the ongoing Covid-19 crisis. Structural developments in North America suggest exports are likely to rise further.
