US Crude, Oil Products Exports Catapult in November

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  • Total US exports of crude oil and petroleum products grew robustly in November, and exports of products even posted an all-time high.
  • Refining throughput soared in November and approached summer levels, but were 750,000 b/d below November 2019.
  • Demand for crude oil in the US reached a two-year high and returned to pre-Covid-19 levels.

The numbers reflecting the US oil industry's performance in November, as captured by the Energy Information Administration’s (EIA) latest Petroleum Supply Monthly, tell the ongoing tale of a recovering market — and in case of demand, a recovered one.

Crude Oil, Oil Demand, Oil Products, Oil Supply, Refining
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