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September PSM Highlights Ida's Impacts

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  • US crude oil and petroleum product exports fell hard in September, with Hurricane Ida's impact playing a decisive role.
  • US oil exports to Europe outdid those to the Asia-Pacific region and even surpassed West African rivals.
  • Refinery throughputs dropped 800,000 b/d from August to September.

Hurricane Ida roiled US petroleum flows in September, disrupting the road toward restoring pre-pandemic norms, including net export flows. Data in the Energy Information Administration's Petroleum Supply Monthly show that far from shipping more petroleum abroad than it took in, the US reached its highest levels of net imports in six months as both the upstream and downstream industries scrambled to restore operations in the storm’s destructive wake.

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